What is the main goal of the Affordable Care Act?
Asked by: Haylee Kohler | Last update: January 24, 2024Score: 4.6/5 (60 votes)
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 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 is the main intent of the Patient Protection and Affordable Care Act?
The law provides numerous rights and protections that make health coverage more fair and easy to understand, along with subsidies (through “premium tax credits” and “cost-sharing reductions”) to make it more affordable.
What is the major objective 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.
What 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 ...
ACA 101: A Comprehensive Guide to the Affordable Care Act
Why was the Affordable Care Act designed?
The purpose of the ACA was 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 was the most important purpose of the individual mandate provision in the Affordable Care Act?
The mandate aimed to encourage Americans to maintain health insurance coverage. This meant that most people who did not sign up for health insurance faced a financial penalty. The mandate drew widespread criticism from those who believed having a health insurance plan should be a personal choice.
What are some of the significant features of the Affordable Care Act some of the significant features include?
Key Features of the Affordable Care Act
It created state- or multistate-based insurance exchanges to help individuals and small businesses purchase insurance. The law expanded Medicaid coverage for low-income individuals and allows young adults to remain on parents' policies until age 26.
Why is affordable healthcare important?
People without coverage are more likely to suffer declines in overall health — the result of little or no preventive care and delays in care that cause more severe problems or hospitalizations.
Who benefits most from the Affordable Care Act?
People with the lowest incomes tended to benefit the most from the law. That makes sense, given how the Affordable Care Act is designed. In states that expanded Medicaid, low-income people can get insurance without having to pay a premium.
What are the 10 essential benefits of the Affordable Care Act?
- 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.
Why is the Affordable Care Act 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.
How does the Affordable Care Act affect 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.
How does the Affordable Care Act increase access to health care?
The ACA uses two primary approaches to increase access to health insurance: It expands access to Medicaid, based solely on income, for those with incomes up to 138% of the federal poverty level (FPL), and creates eligibility for those with incomes from 139% to 400% FPL to apply for subsidies [in the form of advance ...
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 was one of the more controversial provisions of the Affordable Care Act?
One of the reasons why people are signing up is the individual mandate. One of the law's most controversial provisions, this mandate requires that most adults must have coverage or pay a fine.
Does the Affordable Care Act have a lifetime cap?
The health care law stops insurance companies from limiting yearly or lifetime coverage expenses for essential health benefits.
What is the role of the Affordable Care Act in promoting the implementation of value based reimbursement?
The Affordable Care Act introduced compulsory value-based payment initiatives through Medicare to reduce hospital readmissions and hospital-acquired conditions and to improve the overall quality of care that hospitals deliver.
Why is the Affordable Care Act important to nurses?
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 was the biggest change that the Affordable Care Act initiated?
The ACA significantly changed the healthcare system in the U.S. by reducing the amount individuals and families paid in uncompensated care. The act requires every American to have health insurance and provides assistance to those who cannot afford a plan.
How many people did the Affordable Care Act give insurance to?
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.
Who started the Affordable Care Act?
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.
Is the Affordable health care Act good or bad?
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.
Who did the Affordable Care Act hurt?
The biggest Obamacare losers are people who lost their insurance but are unlikely to qualify for subsidies through one of the new exchanges, which require an income of less than $47,000 for an individual or $95,000 for a family of four.