What is the health care reform legislation passed in 2010 known as?
Asked by: Maximilian Wolff | Last update: September 21, 2023Score: 4.7/5 (62 votes)
The Patient Protection and Affordable Care Act, referred to as the Affordable Care Act or “ACA” for short, is the comprehensive health care reform law enacted in March 2010.
What is the name of the act passed in 2010?
The “Affordable Care Act” (ACA) is the name for the comprehensive health care reform law (passed in 2010) and its amendments. The law addresses health insurance coverage, health care costs, and preventive care.
What was the 2010 health care reform law also known as quizlet?
Patient Protection and Affordable Care Act (PPACA), enacted on March 23, 2010; and Health Care and Educational Reconciliation Act (HCERA) enacted on March 30, 2010. expand health insurance coverage to an estimated 32 MILLION uninsured Americans and strengthens existing coverage.
Who passed the Affordable Care Act in 2010?
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known 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 is the 2010 Affordable Care Act commonly called Obamacare?
The Patient Protection and Affordable Care Act (ACA) was passed in 2010 and is commonly known as Obamacare. It extended healthcare coverage to millions of previously uninsured Americans. The ACA launched the Health Insurance Marketplace, through which eligible people may find and buy health insurance policies.
The 2010 Health Care Reform Law
Why was the Affordable Care Act of 2010 important?
The main goal of the ACA was to ensure that every American could afford a health insurance plan. This allowed families whose income put them at poverty level to be able afford their health insurance premium. This is done in the form of issued tax credits.
What does the Affordable Care Act of 2010 mandate quizlet?
The Affordable Care Act of 2010 mandates that health insurance companies must spend 90%-95% of their premium revenues on quality health care.
Was the 2010 Affordable Care Act successful?
Overview. The Affordable Care Act (ACA) was signed into law in March of 2010 and despite repeated attacks, not only has it survived – it has thrived, and continues to provide tens of millions of Americans with access to health care coverage.
Which of the following was one of the goals of the Affordable Care Act of 2010?
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 ...
Has the Affordable Care Act changed since 2010?
Since 2010, the ACA has made health coverage more accessible and affordable for many Americans. Thanks to the ACA, Your children can stay on your health plan until they turn 26. Health plans can't deny you coverage because you have a pre-existing condition.
What did the 2010 Obamacare law introduce to the USA?
On March 23, 2010, President Obama signed the Affordable Care Act into law, putting in place comprehensive reforms that improve access to affordable health coverage for everyone and protect consumers from abusive insurance company practices.
What was the main purpose of the healthcare reform legislation enacted in 2010 quizlet?
Patient protection and affordable care act. Law passed by congress in 2010 to provide affordable health insurance foe all us citizens and reduce the growth in health care spending. covers through two channels: -lower income Americans covered via a federally funded expansion of medicaid.
Why was the Affordable Care Act of 2010 controversial quizlet?
Because opponents of the Affordable Care Act argue that forcing people to buy health insurance is an unconstitutional use of the Commerce Clause by Congress because health insurance is not related to interstate commerce.
What is the Pay As You Go Act of 2010?
The Statutory Pay-As-You-Go Act of 2010 (PAYGO, or "the Act") is part of Public Law 111-139, enacted on February 12, 2010. Briefly, the Act requires that all new legislation changing taxes, fees, or mandatory expenditures, taken together, must not increase projected deficits.
When was the 9 11 Act passed?
We all can be proud of this legislation.” The USA PATRIOT Act, enacted on October 26, 2001, has been critical in preventing another terrorist attack on the United States.
When was the Net Act passed?
Approved December 16, 1997.
What are the health benefits offered by the Affordable Care Act of 2010?
A set of 10 categories of services health insurance plans must cover under the Affordable Care Act. These include doctors' services, inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and more. Some plans cover more services.
Why was the Affordable Care Act of 2010 controversial?
One early controversy concerned whether individuals would lose their current health plans when the new law took effect. Initially, some insured people were taken by surprise when their insurers canceled policies that did not qualify as minimum essential coverage (MEC) under the ACA.
What was the outcome of health care reform the Affordable Care Act of 2010?
The ACA generated one of the largest expansions of health coverage in U.S. history. In 2010, 16 percent of all Americans were uninsured; by 2016, the uninsured rate hit an all-time low of 9 percent. About 20 million Americans have gained health insurance coverage since the ACA was enacted.
What impact did the Affordable Care Act ACA of 2010 have on health care organization and finance?
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 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 in-creased limits on the income tax deduction for medical expenses.
What does the Affordable Care Act of 2010 mandate that health insurance companies must spend?
The Affordable Care Act requires insurance companies to spend at least 80% or 85% of premium dollars on medical care, with the rate review provisions imposing tighter limits on health insurance rate increases.
What are the major provisions of the Affordable Care Act of 2010 in the United States?
On September 23, 2010, a number of ACA provisions took effect, including the elimination of lifetime limits on coverage, restrictions on annual limits on coverage, prohibition on rescinding coverage except in cases of fraud, and the elimination of pre-existing condition exclusions for children.
What does the individual mandate provision of the 2010 US healthcare reform do?
The goal of the individual mandate was to encourage young and healthy people to get or stay insured, which would help spread out the cost of sicker people who would enroll and use more services because of the ACA's rule changes.
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.