Is the Patient Protection and Affordable Care Act Obamacare good for the United States?
Asked by: Jarrett Kiehn | Last update: January 28, 2023Score: 4.5/5 (40 votes)
Despite constant criticism and occasional sabotage, the Affordable Care Act has successfully expanded health insurance coverage — even though it included individuals with pre-existing conditions — and controlled runaway health care costs. We need to build on its tremendous cost-control success.”
Is the Patient Protection and Affordable Care Act good?
The law provides numerous rights and protections that make health coverage more fair and easy to understand, along with subsidies (through “premium tax credits” and “cost-sharing reductions”) to make it more affordable.
How does the Affordable Care Act improve healthcare for Americans?
The ACA has helped millions of Americans gain insurance coverage, saved thousands of lives, and strengthened the health care system. The law has been life-changing for people who were previously uninsured, have lower incomes, or have preexisting conditions, among other groups.
What benefit does the Patient Protection and Affordable Care Act or health care reform act have on the national level quizlet?
Increases benefits and lower costs for consumers, bolster our health care and public health workforce and infrastructure, foster innovation and quality in our system. Covers preventative care at no cost to you, protects your choice of doctors, removes insurance company barriers to emergency services.
What were the cons of the Patient Protection and Affordable Care Act?
- The cost has not decreased for everyone. Those who do not qualify for subsidies may find marketplace health insurance plans unaffordable. ...
- Loss of company-sponsored health plans. ...
- Tax penalties. ...
- Shrinking networks. ...
- Shopping for coverage can be complicated.
the Affordable Care Act (Obamacare) explained: impact on the US healthcare system & current status
Why did ACA fail?
It largely failed. Health insurance markets are only afloat because of massive federal subsidies and premiums and out-of-pocket obligations significantly increased for families. While the ACA has led to about 13 million more people with Medicaid, many more have been harmed.
What is wrong with ACA?
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the tax increases and higher insurance premiums needed to pay for Obamacare. Some people in the healthcare industry are critical of the additional workload and costs placed on medical providers.
What are the advantages of the Affordable Care Act also known as the Patient Protection and Affordable Care Act quizlet?
The Act both strengthens existing forms of health insurance coverage while building a new, affordable health insurance market for individuals and families who do not have affordable employer coverage or another form of “minimum essential coverage” such as Medicare or Medicaid.
What problem does the US Affordable Care Act Obamacare attempt to address and how does it do so?
The ACA was designed to reduce the cost of health insurance coverage for people who qualify for it. The law includes premium tax credits and cost-sharing reductions to help lower expenses for lower-income individuals and families.
Why is the ACA important?
The ACA helps cut high U.S. health care costs.
In addition to increasing insurance coverage, the Affordable Care Act makes investments in programs designed to reduce the cost and improve the quality of health care.
Who benefited from the Affordable Care Act?
More than 20 million Americans gained health insurance under the ACA. Black Americans, children and small-business owners have especially benefited. Thirty-seven states have expanded Medicaid, deepening their pool of eligible residents to those who live at or below 138% of the federal poverty level.
Is Obamacare good for the economy?
In reviewing evidence over the past five years, this report concludes that the ACA has had no net negative economic impact and, in fact, has likely helped to stimulate growth by contributing to the slower rise in health care costs.
Who pays for the Affordable Care Act?
Under the ACA, the federal government pays 100 percent of the coverage costs for those newly insured under Medicaid expansion. After 2016, the federal share shrinks to 90 percent, which is still considerably more than the pre-ACA level.
What was Obamacare supposed to do?
"Obamacare" is an alternative term for the Patient Protection and Affordable Care Act (ACA) of 2010. The plan's aim was to make healthcare more affordable for everyone by lowering costs for those who can't afford them.
Did the ACA improve health outcomes?
ACA reform has been linked to improved outcomes. A substantial body of research generally agrees that ACA Medicaid expansions improved access to and use of health care, reduced disparities across racial/ethnic, income, and education groups, and increased financial security for individuals and hospitals.
What was the purpose of the Patient Protection and Affordable Care Act of 2010 ACA )? Quizlet?
Patient protection and affordable care act. Law passed by congress in 2010 to provide affordable health insurance foe all us citizens and reduce the growth in health care spending. covers through two channels: -lower income Americans covered via a federally funded expansion of medicaid.
What is an accurate description of the Patient Protection and Affordable Care Act quizlet?
Patient Protection and Affordable Care Act (PPACA) legislation that made major changes to the public and private provision of health insurance, and includes provisions to expand insurance coverage, establish new ways to fund the program, and creates programs to reduce health care costs while improving care.
Has Obamacare helped or hurt?
Indisputably, yes. More than 20 million people have gained coverage as a result of the ACA. It has dramatically reduced the uninsured rate. On the day President Obama signed the ACA, 16 percent of Americans were uninsured; in March 2020, it was nine percent.
Why do doctors not like Obamacare?
Dr. Richard Amerling, a New York City physician who is president of the AAPS, said Obamacare has set up a “bad business model” for private physicians. Doctors, he said, can't adjust their rates to keep up with expenses. In addition, electronic record keeping is a burden both in terms of cost and time.
Did Obamacare raise taxes?
It's been estimated that the ACA will raise taxes by $813 billion over 10 years. Over 12 of these new taxes will be on families making less than $250,000 a year.
Why should we repeal the ACA?
Striking down the ACA would also impede efforts to address the public health crisis. And eliminating the ACA's protections for people with pre-existing conditions could make it harder for the more than 7 million people who've had COVID to obtain affordable, comprehensive coverage in the future.
What is Trumpcare health?
What Is Trumpcare? Trumpcare is the moniker given to the American Health Care Act (ACHA), the bill that was designed to replace the Affordable Care Act (ACA or Obamacare) put in place by former President Obama. The ACHA was drafted by President Trump's Republican party and championed by House Speaker Paul Ryan.
Which of the following is not true about the Affordable Care Act?
Which of the following is NOT true regarding the Affordable Care Act? It does not enact a guaranteed-issue requirement that prohibits insurance companies from denying coverage to those with preexisting conditions.
Is ACA federal or state?
Federal Rules and State Authorities Under the ACA. The federal government provides: Protections for people with preexisting health conditions. Uniform financial assistance for people with incomes below 400 percent of the federal poverty level.
Where did the money for Obamacare come from?
To help offset the cost of the law, the ACA contains a revenue-raising provision that would place an excise tax on high-cost insurance plans, beginning in 2018. Most Americans receive health insurance through their employer and the cost of employer-sponsored health insurance is currently excluded from taxation.