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

• Medicaid Expansion.
• Subsidies to purchase private insurance.
• Creation of Regulated Markets for Purchasing Private Insurance with Subsidies.
• Mandates for Individuals and Employers.

What was the main goal of the Affordable Care Act ACA passed in 2010?

Improving health-care quality, efficiency, and accountability. Beyond insurance, the Affordable Care Act begins the job of realigning the health-care system for long-term changes in health-care quality, the organization and design of health-care practice, and health information transparency.

In which 3 ways did the Affordable Care Act affect individuals?

What are the three pillars of ACA?

1 The 3 pillars of the Affordable Care Act (ACA): access, quality, and cost.

What are 5 mandated benefits under the ACA?

The 10 categories of benefits in an EHB package are: 1) ambulatory patient services, 2) emergency services, 3) hospitalization, 4) maternity and newborn care, 5) mental health and substance use disorder services, 6) prescription drugs, 7) rehabilitative and habilitative services and devices, 8) lab services, 9) ...

How many categories are in the Affordable Care Act?

Marketplace plans are put into 4 categories (or "metal levels"): Bronze, Silver, Gold, and Platinum. Catastrophic plans are a 5th category available to people under 30 and some people with limited incomes. The categories have nothing to do with the quality of care you get in a plan.

What is not included in the Affordable Care Act?

What Benefits Does the Affordable Care Act Not Cover? The Affordable Care Act does leave two forms of insurance for adults out of its provisions — vision insurance and dental coverage. Although both of these services are considered essential benefits for children under the ACA, they are not included for adults.

What did the primary goal of the ACA include?

The law has 3 primary goals: Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL).

What are the pros and cons of Obamacare?

The pros of the ACA include prohibiting insurance companies from denying coverage based on health history and providing subsidies to reduce premiums and out-of-pocket costs. The cons of the ACA include small business challenges and limited provider options in some regions.

Which of the following is a main component of the Affordable Care Act ACA quizlet?

Its key provisions include having the insurers cover preventive services, requiring the insurers to cover young adults under their parent's plan until the age of 26, individuals with preexisting conditions are not denied coverage, prescriptions medications are covered, and the annual and lifetime benefits have no limit ...

Is the Affordable Care Act the same as Obamacare?

The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.

What are the 10 essential health benefits under the Affordable Care Act?

Which five benefits are mandated by law?

Medicare and social security, unemployment insurance, workers' compensation, health insurance, and family and medical leave are all benefits that the federal government requires businesses to provide.

What services are mandated by the Affordable Care Act?

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

What are the major components of the ACA?

What are the 4 pillars of ethics in healthcare?

Beneficence, nonmaleficence, autonomy, and justice constitute the 4 principles of ethics. The first 2 can be traced back to the time of Hippocrates “to help and do no harm,” while the latter 2 evolved later.

What are the 4 pillars of insurance?

What is the biggest problem with the Affordable Care Act?

Impact on Individual Insurance

It was also known that consumers would face a very different health insurance world under the ACA, with some people seeing their premiums go down and some seeing them go up, and the majority of Americans seeing higher deductibles, higher copays, and a smaller pool of providers.

Who is not eligible for Obamacare?

Must live in the United States. Must be a U.S. citizen or national (or be lawfully present). Learn about eligible immigration statuses. Cannot be incarcerated in prison or jail.

What is the difference between Medicaid and Medicare?

Medicare is federal health insurance for anyone age 65 and older, and some people under 65 with certain disabilities or conditions. Medicaid is a joint federal and state program that gives health coverage to some people with limited income and resources.