What was the Affordable Care Act quizlet?
Asked by: Alverta Deckow | Last update: July 14, 2025Score: 4.8/5 (65 votes)
What is the Affordable Care Act in simple terms?
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 was the primary goal of the Affordable Care Act?
About the Affordable Care Act
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 was the purpose of the Affordable Care Act's individual mandate Quizlet?
Under the Affordable Care Act, the individual mandate requires all Americans to purchase health insurance. The individual mandate was a key provision of the Affordable Care Act (ACA), which aimed to increase the number of Americans with health insurance and reduce the overall cost of healthcare.
What did the Affordable Care Act do to 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.
Obamacare Explained: Understanding the Affordable Care Act
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 benefited from the Affordable Care Act?
The ACA permitted states to expand Medicaid coverage to adults with incomes up to 138 percent of the poverty level (about $20,780 annually for an individual or $35,630 for a family of three in 2024). As of June 2023, about 24.5 million adults were enrolled in the ACA Medicaid expansion group.
What are the reasons for the Affordable Care Act?
- Make affordable health insurance available to more people. ...
- Expand Medicaid 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.
Why was Obamacare mandatory?
The argument is that healthy people buying coverage not only gives them access to care but also offsets costs for less-healthy people who access services more frequently. States also mandate coverage to ensure health insurance policies meet certain standards and to increase revenue.
What was the intention of the Affordable Care Act?
The ACA's impact on access to surgical care. One of the primary aims of the ACA was to reduce the number of Americans who are uninsured. It did this through the extension of private and public health insurance.
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 are the pros and cons of the Affordable Care Act?
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.
What are the three main goals of the Affordable Care Act?
The ACA has three primary goals at its foundation, collectively known as the Triple Aim. The Triple Aim goals are: improve patient care, improve population health, and reduce the cost of health care.
How much is Obamacare a month for a single person?
Monthly premiums for Affordable Care Act (ACA) Marketplace plans vary by state and can be reduced by premium tax credits. The average national monthly health insurance cost for one person on an Affordable Care Act (ACA) plan without premium tax credits in 2024 is $477.
What does the Affordable Care Act not cover?
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.
Is Obamacare and the Affordable Care Act the same?
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 states refuse Obamacare?
The Affordable Care Act, also known as Obamacare, was enacted in 2010, but 10 states have not expanded Medicaid, the federal-state program that provides health care for low-income people. They are Alabama, Florida, Georgia, Kansas, Mississippi, South Carolina, Tennessee, Texas, Wisconsin and Wyoming.
What would happen if there was no Obamacare?
If the ACA were repealed:
They would receive no help in paying their out-of-pocket costs. The programs that support healthy pregnancies, births, and newborns would no longer exist, putting the family at greater risk of health problems.
Who benefits from the Affordable Care Act?
While the Medicaid program has historically covered low-income parents, children, elderly people, and disabled people, the ACA called for states to expand Medicaid to adults up to 138 percent of the federal poverty level and provided federal funding for at least 90 percent of the cost.
What is the difference between Medicaid and Obamacare?
While the two share various similarities, they vary greatly in many regards. On a general basis, Obamacare, or the Affordable Care Act, aims to provide affordable health coverage to all Americans. On the other hand, Medicaid provides coverage for those in need that cannot afford coverage otherwise.
What are the major arguments against the Affordable Care Act?
Despite these positive changes, a near majority of Americans still oppose the ACA, even though they approve of most of its features. They oppose the mandate that all Americans must have health insurance (the individual mandate), and they oppose a government role in health care.
What is the difference between Medicaid and Medicare?
What's the difference between Medicare and Medicaid? 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.
What was healthcare like before Obamacare?
Prior to the ACA, high rates of uninsurance were prevalent due to unaffordability and exclusions based on preexisting conditions. Additionally, some insured people faced extremely high out-of-pocket (OOP) costs and coverage limits. The ACA aimed to address these issues, though it did not eliminate all of them.