What did the Affordable Care Act (ACA) of 2010 do in Quizlet?

How did the ACA change healthcare?

The ACA increased access by increasing access to health insurance (employer-based and the Marketplaces for private insurance, Medicaid expansion for public insurance, and all children under the age of 26 years could stay on their parent's insurance).

What are two major benefits of the Affordable Care Act?

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 is the Affordable Care Act ACA explained?

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 were the 3 goals of the Affordable Care Act?

Overview of the Affordable Care Act (ACA)

The Triple Aim goals are: improve patient care, improve population health, and reduce the cost of health care.

Why does the 2010 Affordable Care Act stand as one of the most important?

About the Affordable Care Act

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).

How did the ACA help the economy?

Lower long-term deficits due to the ACA will mean higher national saving, which will increase capital accumulation and reduce foreign borrowing, thereby making workers more productive and increasing national income and living standards over time. 4. Improving health and making workers more productive.

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

The Affordable Care Act significantly impacted individuals by ensuring women were not charged more than men for health insurance (A), allowing access to insurance regardless of health status (B), and mandating that most individuals obtain health insurance (C). Therefore, the correct answers are A, B, and C.

What did the ACA do to insurance companies?

The ACA set minimum medical loss rations, improving the value of insurance policies by limiting how much of a premium could go to administration and company profits. For the first time, insurers were required to provide consumers with simple, clear summaries of the plans they were considering.

What were the goals of the Affordable Care Act quizlet?

In an effort to control healthcare costs, the ACA has a provision to limit the cost of premiums and increase most health benefits.

What is the contribution of the 2010 Affordable Care Act ACA with respect to mental illness?

Before the ACA, some health insurers could choose not to cover mental health and substance use disorder services or apply annual or lifetime limits on these services. ACA requires coverage of mental health and substance use disorder services in most health insurance, without annual or lifetime limits on these services.

How did the Affordable Care Act of 2010 affect tax filing?

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 increased limits on the income tax deduction for medical expenses.

What is the mission of the ACA?

The mission of the American Counseling Association (ACA) is to enhance the quality of life in society by promoting the development of professional counselors, advancing the counseling profession, and using the profession and practice of counseling to promote respect for human dignity and diversity.

How did the ACA expand Medicaid?

The Affordable Care Act's (ACA) Medicaid expansion expanded Medicaid coverage to nearly all adults with incomes up to 138% of the Federal Poverty Level ($20,783 for an individual in 2024) and provided states with an enhanced federal matching rate (FMAP) for their expansion populations.

Why is the ACA important?

The ACA helps cut high U.S. health care costs.

The ACA helps reduce costs, and its reforms should be continued to reduce costs in the future. Health care spending represented 17.5 percent of our gross domestic product in 2014, and is expected to reach 20.1 percent by 2025.

Is the ACA Affordable Care Act actually two laws?

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

Which of the following are features of the 2010 Affordable Care Act, also known as Obamacare?

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.

What is considered a main point of the Affordable Care Act?

A key goal of the ACA was to expand health insurance coverage.

Is ACA the same as Obamacare?

“Obamacare” and the “Affordable Care Act” are the SAME thing. A recent article in the New York Times reported survey results showing that one-third of the people surveyed did not know that “Obamacare” and the “Affordable Care Act” refer to the same law.