Essay on The Affordable Care Act ( Aca )
The Affordable Care Act (ACA) was signed into law in March 2010 by President Barrack Obama and was intended to expand insurance coverage and reduce the cost of healthcare for millions of Americans. In order to achieve this goal, there were some very key components built into the law.
1. There can be no more denials of coverage due to pre-existing conditions.
Prior to the ACA, health insurers frequently denied coverage to people for pre-existing conditions, some as simple as asthma. The justification for this was that people with pre-existing conditions were a bad risk/investment and would be too expensive to cover and make money off. The ACA changed that and insurers can no longer deny coverage to the very people that may need health care coverage the most (www.hhs.gov, 2013).
2. Health insurance providers are now required to cover recommended preventative care without cost-sharing.
A key part of the ACA requires insurance plans cover recommended preventative services which have been shown by research to be able to save lives and improve health by identifying illnesses earlier, making them easier and cheaper to treat and/or cure (http://kff.org, 2015). Prior to the ACA, even if insurers covered these services in part, the cost of them in many cases was cost prohibitive to many people.
3. The Affordable Care Act requires health plans to cover ten essential health benefit categories which include, prescription drug coverage, and maternity and…