What are 3 benefits of the Affordable Care Act?

Asked by: Prof. Chester Morar  |  Last update: November 13, 2023
Score: 4.6/5 (4 votes)

In 2010, The Affordable Care Act (ACA), aka Obamacare, was enacted to provide reform to the health insurance industry. Overall, the Affordable Care Act aimed to accomplish 3 main strategies: make insurance affordable, emphasize prevention, and improve how health care is delivered.

What are the benefits of the Affordable Care Act?

The law has 3 primary goals:
  • Make affordable health insurance available to more people. ...
  • Expand the Medicaid program to cover all adults with income below 138% of the FPL. ...
  • Support innovative medical care delivery methods designed to lower the costs of health care generally.

What are the 10 essential benefits of the Affordable Care Act?

Essential health benefits ensure that health plans cover care that patients need
  • Ambulatory patient services (outpatient services)
  • Emergency services.
  • Hospitalization.
  • Maternity and newborn care.
  • Mental health and substance use disorder services, including behavioral health treatment.
  • Prescription drugs.

What are three benefits of the Affordable Care Act quizlet?

Match
  • extending insurance coverage to the uninsured/underinsured.
  • decreasing costs by improving efficiency.
  • expanding prevention and wellness programs (PH measures)
  • protecting against undue financial burdens on individuals as a result of healthcare expenditures.
  • improving patient safety and quality of care.

Who does the ACA benefit the most?

2020). The coverage gains under the ACA made it easier for people to get health care. Adults with low income have benefited the most from the law's insurance subsidies, out-of-pocket cost protections, and expansion in Medicaid eligibility.

The Benefits of the Affordable Care Act (ACA): How It's Making Healthcare Affordable

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How effective is the Affordable Care Act?

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.

How many people have benefited from the ACA?

New Reports Show Record 35 Million People Enrolled in Coverage Related to the Affordable Care Act, with Historic 21 Million People Enrolled in Medicaid Expansion Coverage.

What are the two main parts of the Affordable Care Act?

The law has 2 parts: the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act.

What is one of the effects of the Affordable Care Act?

The ACA enabled people to gain coverage by 1) expanding the publicly funded Medicaid program to cover adults with annual incomes up to 138% of the federal poverty level; 2) establishing the Health Insurance Marketplace for individuals and small businesses, allowing them to purchase private health insurance (PHI); and 3 ...

What are 3 essential health benefits that an insurance plan must include now under Obamacare?

How many essential health benefits does the ACA mandate?
  • Emergency services.
  • Hospitalization (surgeries and inpatient care)
  • Laboratory services.
  • Mental health and substance use disorder services (including behavioral health treatment such as counseling and psychotherapy)
  • Outpatient care.

What is a benefit of the Affordable Care Act 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.

What are some of the benefits of the Affordable Care Act quizlet?

Affordable Care Act Provisions Include:
  • Individual mandate.
  • health insurance reforms.
  • Essential Health benefits.
  • Affordable insurance exchanges.
  • Premium Credits to Eligible Individuals and Families.
  • Employer Requirements.
  • Premium Subsidiaries to Small Employers.
  • Early retirement reinsurance program.

What is the Affordable Care Act and what does it require?

The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that increases health insurance coverage for the uninsured and implements reforms to the health insurance market. This includes many provisions that are consistent with AMA policy and holds the potential for a better health care system.

Did the Affordable Care Act save money?

Yet the ACA has more than delivered on that promise, saving about $4,000 per family. And these lower health care premiums probably contribute to the recent rise in workers' wages.

What are some cons of Affordable Care Act?

Cons:
  • 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.

How will the Affordable Care Act affect healthcare organizations?

The ACA reduced the annual increases in payments to hospitals under the traditional Medicare program. It also reduced payments to Medicare Advantage plans. Partly because of these measures, increases in Medicare expenditures have been 20 percent lower than projected since the law was enacted.

Why are people upset about the Affordable Care Act?

More than 60% of Americans have stated that most of what they know about the ACA came from watching TV. Opposition to a government role in health care and to mandatory health insurance makes it unlikely that the US will be able to insure that all of its citizens have ongoing access to health care in the near future.

Does the Affordable Care Act require everyone to have insurance?

As of Jan. 1, 2019, there is no mandate for health insurance at the federal level. Before 2019, under the ACA, also called Obamacare, U.S. adults who were not otherwise eligible for an exemption were required to have health insurance coverage for themselves and their families.

Who supports the Affordable Care Act?

Views of the ACA are still largely driven by partisanship: nearly nine in ten Democrats (87%) along with six in ten independents (58%) view the law favorably, while eight in ten Republicans (79%) hold unfavorable views.

Who is subject to the Affordable Care Act?

It applies to employers with 50* or more full-time employees, and/or full-time equivalents (FTEs). Employees who work 30 or more hours per week are considered full-time.

What is the biggest impact of the ACA?

Since its enactment on March 23, 2010, the Affordable Care Act has led to an historic advancement of health equity in the United States. This landmark law improved the health of all Americans, including women and families, kids, older adults, people with disabilities, LGBTQI+ and communities of color.

Did the Affordable Care Act increase taxes?

To raise additional revenue for reform, the ACA imposed excise taxes on health insurers, pharmaceutical companies, and manufacturers of medical devices; raised taxes on high-income families; and in-creased limits on the income tax deduction for medical expenses.

Why was the Affordable Care Act created?

The purpose of the ACA was to expand access to insurance, increase consumer protections, emphasize prevention and wellness, improve quality and system performance, expand the health workforce, and curb rising health care costs.

Is medical part of the Affordable Care Act?

Prior to the Affordable Care Act (ACA), Medi-Cal served low-income families and children, the elderly, and people with disabilities. Under the ACA, California lawmakers expanded the program to include low-income adults without children or a qualifying disability starting in 2014.

What is one requirement of the Affordable Care Act answers?

The correct answer is B. The government will set up its own health insurance entity. This act provides medical insurance for all Americans. The state shall ensure that necessary health benefits are provided.