Obamacare/ACA is a new healthcare system plan that is aimed at fundamentally restructuring the delivery of healthcare in the US by regulating health insurance coverage. The Affordable Care Act broadens and strengthens the health insurance benefits available to consumers by requiring insurers to provide coverage of a minimum set of medical services known as essential health benefits (Giovannelli et al., 2014). Under the plan, the law obligates insurers in the individual and small-group markets to cover the categories of essential medical services including hospitalization, prescription drugs, maternity and newborn care to ensure that Americans are covered by a common set of robust insurance benefits comparable to employer-based insurance coverage.
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The ACA is designed to increase the percentage of individuals with health care coverage and contain rapidly growing health care costs and to achieve this, the plan seeks to create a state-run American Health Benefits Exchanges as one vehicle through which incentive to achieve the plan goals can be implemented (Maxwell, 2013). Coverage might actually expand because the ACA fosters the existence of incentives for firms to offer employer-sponsored insurance coverage and individuals to accept the
The ACA is designed to increase the percentage of individuals with health care coverage and contain rapidly growing health care costs and to achieve this, the plan seeks to create a state-run American Health Benefits Exchanges as one vehicle through which incentive to achieve the plan goals can be implemented (Maxwell, 2013). Coverage might actually expand because the ACA fosters the existence of incentives for firms to offer employer-sponsored insurance coverage and individuals to accept the