What is true of the Affordable Care Act?

Asked by: Mrs. Sibyl Mueller  |  Last update: November 29, 2023
Score: 4.7/5 (18 votes)

The ACA prohibits lifetime monetary caps on insurance coverage, limits the use of annual caps, and establishes state rate reviews for insurance premium increases. It prohibits insurance plans from excluding coverage for children with preexisting conditions and canceling or rescinding coverage.

What does the Affordable Care Act actually do?

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).

What was the Affordable Care Act quizlet?

more widely known as the Affordable Care Act or Obamacare. The act was enacted to expand coverage, hold insurance companies more accountable, lower healthcare costs, give people more choice for insurance, and increase the quality of healthcare/ health insurance.

What does the Affordable Care Act law protect?

Patients' Protections in the ACA California

Everyone in California has access to health insurance. Pre-existing health conditions cannot deny anyone health coverage or extra charges. Children can be listed on their parent's health plan until they are 26 years of age.

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.

How Does The Affordable Care Act Work?

27 related questions found

What 3 things did the Affordable Care Act do?

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.

Which of the following is true of the Patient Protection and Affordable Care Act?

Which of the following is true of the Patient Protection and Affordable Care Act (PPACA)? It requires individuals not covered by an employer policy to purchase health insurance from a state health care exchange.

Which of the following was a goal of the Affordable Care Act of 2010 quizlet?

The ACA was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government.

Why was the Affordable Care Act important?

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.

What is the Affordable Care Act also called ____?

The Patient Protection and Affordable Care Act, more commonly known as the Affordable Care Act (ACA) or Obamacare, officially rolled out its major coverage provisions on October 1, 2013.

Why did the Affordable Care Act happen?

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 was one of the main goals of the Affordable Care Act quizlet?

Which of the following was one of the goals of the Affordable Care Act of 2010? to ration expensive health care services in order to make health care more affordable for the country as a whole.

What are some of the benefits of the Affordable Care Act quizlet?

Affordable Care Act Provisions Include:
  • Individual mandate.
  • health insurance reforms.
  • Essential Health benefits.
  • Affordable insurance exchanges.
  • Premium Credits to Eligible Individuals and Families.
  • Employer Requirements.
  • Premium Subsidiaries to Small Employers.
  • Early retirement reinsurance program.

What is one of the effects of the Affordable Care Act?

The ACA enabled people to gain coverage by 1) expanding the publicly funded Medicaid program to cover adults with annual incomes up to 138% of the federal poverty level; 2) establishing the Health Insurance Marketplace for individuals and small businesses, allowing them to purchase private health insurance (PHI); and 3 ...

What are the main components of the Affordable Care Act?

INCREASING ACCESS TO AFFORDABLE CARE
  • Providing Access to Insurance for Uninsured Americans with Pre-Existing Conditions. ...
  • Extending Coverage for Young Adults. ...
  • Expanding Coverage for Early Retirees. ...
  • Rebuilding the Primary Care Workforce. ...
  • Holding Insurance Companies Accountable for Unreasonable Rate Hikes.

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

What is the leading cause of death for people between 15 and 24 years old living in the United States? Accidents. Which of the following is a main component of the Affordable Care Act (ACA)? The requirement that people obtain health insurance or pay a penalty.

How does the Affordable Care Act and Patients Bill of rights protect patients?

For most plans starting on or after September 23, these rules stop insurance companies from imposing pre-existing condition exclusions on your children; prohibit insurers from rescinding or taking away your coverage based on an unintentional mistake on an application; ban insurers from setting lifetime limits on your ...

Which of the following is not considered an essential health benefit under the ACA?

Which of the following is NOT an essential health benefit found in qualified health plans? Qualified health plans (QHPs) must offer essential health benefits such as emergency, rehabilitative and pediatric services. Dental services are not included in the list of essential health benefits.

Is true or false the ACA requires health plans to include certain essential health benefits?

The Affordable Care Act requires non-grandfathered health plans in the individual and small group markets to cover essential health benefits (EHB), which include items and services in the following ten benefit categories: (1) ambulatory patient services; (2) emergency services; (3) hospitalization; (4) maternity and ...

How could Affordable Care Act be better?

Making Insurance Premiums More Affordable

ensure through 2025 that no one has to spend more than 8.5 percent of household income on premiums; previously, eligibility for premium tax credits was capped at 400 percent of the federal poverty level (i.e., $106,000 for a family of four)

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.

How did the ACA fail to provide access to healthcare for all individuals?

It largely failed. Health insurance markets are only afloat because of massive federal subsidies and premiums and out-of-pocket obligations significantly increased for families. While the ACA has led to about 13 million more people with Medicaid, many more have been harmed.

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.