The Affordable Care Act (2010) also known as Obama Care has been a topic of controversy. It is the most significant reform to the U.S health care system since Medicaid and Medicare. Some view it as a great and some believe it will be bad for the economy. I believe the Affordable Care Act will be great and its benefit to the well-being of citizens and will go further to be a great reform over all. On March 23, 2010, President Obama signed the Affordable Care Act into law. The Obama health care has received mixed reviews over the last couple years. It has put in place comprehensive reforms that improve access to affordable health coverage for everyone and protect consumers from abusive insurance company practices. Many people dislike
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With Obamacare, insurance agencies cannot create limits on care and the yearly limits will no longer exist in a couple of years. In every state and for the first time ever, insurance companies must publicly justify their actions if they want to raise rates by 10% or more and more states have the authority to reject unreasonable premium increases. “The Affordable Care Act helped 42 states, the District of Columbia and five U.S. territories strengthen their rate-review laws, bringing greater transparency and accountability to private insurance rate increases. For example, Connecticut rejected a 20 percent rate hike by insurers, and Oregon halved the rate increase by one of its largest insurers, saving money for more than 60,000 people, and the Department of Health and Human Services recently deemed increases in five states …show more content…
Although this health care is an individual mandate and coupled with subsidies for private insurance, its main goal is to provide universal healthcare to everyone. Individuals and small business can buy health insurance plans—those individuals with incomes between 100% and 400% of the federal poverty level will be eligible for subsidies to do so. It is estimated that the legislation will reduce the number of uninsured residents by 32 million, leaving about 23 million uninsured residents in 2019” The Washington Post reported that California, an early embracer of Obamacare, has signed up 600,000 low income Golden Staters for the law’s expanded Medicaid, and over 100,000 are in some stage of applying for insurance onmarketplaces”(Thedailybeast.com). The law also requires insurance companies to cover all applicants within new minimum standards and offer the same rates regardless of pre-existing conditions or sex. Before people can get rejected for insurance plans if they have a pre-existing condition and it can even be a small issue and they would use it to deny you, I say who doesn’t have something going on with them. The new health reform law provides security to the hardworking citizens of the United States “.Millions of people are finally in a position to enjoy the financial security that health insurance brings,” the president sad. “That’s not an abstraction. President Obama quoted “It can mean that an illness won’t
With Obamacare, insurance agencies cannot create limits on care and the yearly limits will no longer exist in a couple of years. In every state and for the first time ever, insurance companies must publicly justify their actions if they want to raise rates by 10% or more and more states have the authority to reject unreasonable premium increases. “The Affordable Care Act helped 42 states, the District of Columbia and five U.S. territories strengthen their rate-review laws, bringing greater transparency and accountability to private insurance rate increases. For example, Connecticut rejected a 20 percent rate hike by insurers, and Oregon halved the rate increase by one of its largest insurers, saving money for more than 60,000 people, and the Department of Health and Human Services recently deemed increases in five states …show more content…
Although this health care is an individual mandate and coupled with subsidies for private insurance, its main goal is to provide universal healthcare to everyone. Individuals and small business can buy health insurance plans—those individuals with incomes between 100% and 400% of the federal poverty level will be eligible for subsidies to do so. It is estimated that the legislation will reduce the number of uninsured residents by 32 million, leaving about 23 million uninsured residents in 2019” The Washington Post reported that California, an early embracer of Obamacare, has signed up 600,000 low income Golden Staters for the law’s expanded Medicaid, and over 100,000 are in some stage of applying for insurance onmarketplaces”(Thedailybeast.com). The law also requires insurance companies to cover all applicants within new minimum standards and offer the same rates regardless of pre-existing conditions or sex. Before people can get rejected for insurance plans if they have a pre-existing condition and it can even be a small issue and they would use it to deny you, I say who doesn’t have something going on with them. The new health reform law provides security to the hardworking citizens of the United States “.Millions of people are finally in a position to enjoy the financial security that health insurance brings,” the president sad. “That’s not an abstraction. President Obama quoted “It can mean that an illness won’t