What are the benefits of Affordable Care Act?

Asked by: Dr. Pauline Konopelski  |  Last update: December 6, 2023
Score: 4.5/5 (41 votes)

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 3 benefits of the Affordable Care Act?

Affordable Care Act (ACA) basics

Among other things, the ACA made it easier for many people to get coverage, removed annual and lifetime limits on essential health benefits and put in place requirements that individuals have medical coverage or pay a tax penalty.

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 some benefits 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.

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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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.

Is the Affordable Care Act good or bad?

ACA: SO FAR, SO GOOD

A recent analysis by the RAND Corporation found that nearly 17 million more Americans have become insured since the health insurance exchanges opened,2 and, according to Gallup data, the uninsured rate among U.S. adults 18 years of age and older dipped to 11.9% for the first quarter of 2015.

How effective was the Affordable Care Act?

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.

Is the Affordable Care Act 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.

What is a major feature of the Affordable Care Act?

The ACA prohibits lifetime monetary caps on insurance coverage, limits the use of annual caps, and establishes state rate reviews for insurance premium increases.

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.

What is one requirement of the Affordable Care Act?

One provision contained in the law is known as the “individual mandate” which requires that all Americans (regardless of age) be covered by health insurance (through a group or individual plan) or pay an annual financial penalty assessed by the Internal Revenue Service, unless waived under certain limited circumstances ...

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 are the benefits of repealing the Affordable Care Act?

Full repeal would also reduce premiums for higher-income beneficiaries, and reduce payroll tax contributions from beneficiaries (and other taxpayers) with high earnings. Repealing the ACA would have uncertain effects on evolving payment and delivery system reforms.

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 are two major 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.

Has the Affordable Care Act helped people?

The ACA has reduced the number of uninsured people to historically low levels and helped more people access health care services, especially low-income people and people of color.

Did the Affordable Care Act save lives?

We find a reduction in all-cause mortality in ages 20 to 64 equaling 11.36 deaths per 100,000 individuals, a 3.6 percent decrease. This estimate is largely driven by reductions in causes of death likely to be influenced by access to health care, and equates to one life saved per 310 newly covered individuals.

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.

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.

How many Americans benefit from the 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.

What are the main differences between Obamacare and the Affordable Care Act?

Obamacare is the nickname for the Affordable Care Act (ACA), which was signed into law by President Barack Obama in 2010. The act brought significant changes to the U.S. healthcare system by reducing the amount paid by individuals and families for uncompensated care.

How did nurses benefit from the Affordable Care Act?

The Affordable Care Act and Its Impact on the Nursing Profession. The ACA places a greater focus on outcomes, with more pressure on nurses to show they can give effective care. This means the demand for advanced practice nurses (APNs) and nurse practitioners (NPs) has also increased.

What does the ACA mostly likely to accomplish?

The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions ...