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

Asked by: Flo Ferry  |  Last update: March 6, 2023
Score: 4.2/5 (64 votes)

The Far-Reaching Benefits of the Affordable Care Act's Medicaid Expansion
  • Increased health coverage.
  • Better access to health care.
  • Better health outcomes, including fewer premature deaths.
  • More financial security and opportunities for economic mobility.
  • Lower uncompensated care costs.
  • A stronger response to COVID-19.

What is a benefit of the Affordable Care Act?

Conclusion. 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 are two major benefits of the Affordable Care Act?

Summary: The Affordable Care Act is generating major benefits for our economy by expanding access to affordable insurance coverage and reforming our health care delivery system to reduce costs and improve quality.

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

The Affordable Care Act requires non-grandfathered health plans in the individual and small group markets to cover essential health benefits (EHB), which include items and services in the following ten benefit categories: (1) ambulatory patient services; (2) emergency services; (3) hospitalization; (4) maternity and ...

Who really benefits 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.

What are the 10 Essential Benefits of the Affordable Care Act?

33 related questions found

How many people benefited from Affordable Care Act?

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.

Has Affordable Care Act been successful?

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.

Which of the following 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. Covers preventative care at no cost to you, protects your choice of doctors, removes insurance company barriers to emergency services.

What are the benefits of healthcare?

Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible. You get free preventive care, like vaccines, screenings, and some check-ups, even before you meet your deductible.

What are the main provisions of the Affordable Care Act?

Key Federal Provisions

Provisions included in the ACA are intended 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.

What is the Affordable Care Act for dummies?

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.

What are the benefits of free health care?

Pros of Universal Health Care
  • A uniform standard of care. Under a universal health care system, health practitioners are required to provide the same level of care to every legal citizen. ...
  • Lower costs for both citizens and health care providers. ...
  • An overall healthier population.

What are the essential health benefits that most health plans must provide?

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 were the three key features of the Affordable Care Act?

Lifetime Limits: Insurers are not allowed to set a maximum dollar amount they will pay for key health benefits. Young Adult Coverage: Dependent adults up to age 26 will be allowed to stay on their parents plan. Preventative Care: All new health plans must cover preventive care and certain medical screenings.

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 is the primary purpose of the Affordable Care Act quizlet?

The ACA was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government.

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.

What are the cons of the 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.

What is wrong with the Affordable Care Act?

The Problem: Affordability

The ACA set standards for “affordability,” but millions remain uninsured or underinsured due to high costs, even with subsidies potentially available. High deductibles and increases in consumer cost sharing have chipped away at the affordability of ACA-compliant plans.

What are the major provisions 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 are the pros and cons of free health care?

Here are a few pros and cons of universal healthcare.
  • PRO: Make It Easier for Patients to Seek Treatment. ...
  • CON: Doctors Have Less Flexibility in Negotiating Rates. ...
  • Must Read: What Does Universal Healthcare Means for Medical Practices. ...
  • PRO: It Could Increase Demand for Medical Services.

Is free health care really free?

It's important to note that “free” healthcare isn't actually quite so free. Healthcare that is provided by government agencies is indirectly funded by citizens. Their taxes support all government operations, including healthcare expenditures.

Who pays for health care in the US who should pay?

Who pays for health care in the United States? There are three main funding sources for health care in the United States: the government, private health insurers and individuals. Between Medicaid, Medicare and the other health care programs it runs, the federal government covers just about half of all medical spending.

What are the four major components of the Affordable Care Act?

INCREASING ACCESS TO AFFORDABLE CARE
  • Providing Access to Insurance for Uninsured Americans with Pre-Existing Conditions. ...
  • Extending Coverage for Young Adults. ...
  • Expanding Coverage for Early Retirees. ...
  • Rebuilding the Primary Care Workforce. ...
  • Holding Insurance Companies Accountable for Unreasonable Rate Hikes.