Which is known to be a benefit of the Affordable Care Act quizlet?
Asked by: Dr. Thad Thompson I | Last update: December 3, 2023Score: 4.3/5 (46 votes)
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.
Which is known to be a benefit of the Affordable Care Act?
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 is a benefit 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 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 three benefits of the Affordable Care Act quizlet?
- 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.
The Benefits of the Affordable Care Act (ACA): How It's Making Healthcare Affordable
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.
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.
What are 3 essential health benefits that an insurance plan must include now under Obamacare?
- Emergency services.
- Hospitalization (surgeries and inpatient care)
- Laboratory services.
- Mental health and substance use disorder services (including behavioral health treatment such as counseling and psychotherapy)
- Outpatient care.
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.
What are the benefits of repealing the Affordable Care Act?
Full repeal would also reduce premiums for higher-income beneficiaries, and reduce payroll tax contributions from beneficiaries (and other taxpayers) with high earnings. Repealing the ACA would have uncertain effects on evolving payment and delivery system reforms.
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.
Has the Affordable Care Act helped people?
The ACA has reduced the number of uninsured people to historically low levels and helped more people access health care services, especially low-income people and people of color.
What is the effect of the Affordable Care Act on health care access?
Enrollees' Access to Care
On an individual basis, gaining insurance coverage through the ACA decreases the probability that a person will report not receiving medical care because of costs by 20.9 percent (Exhibit 3), according to the NHIS data.
What is the Affordable Act Care Act also known as?
The comprehensive health care reform law enacted in March 2010 (sometimes known as ACA, PPACA, or “Obamacare”).
Which of the following was a major goal of the Affordable Care Act?
Those are affordability, medical care that is innovative, and the expansion of Medicaid. The main goal of the ACA was to ensure that every American could afford a health insurance plan.
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.
Did the Affordable Care Act save lives?
We find a reduction in all-cause mortality in ages 20 to 64 equaling 11.36 deaths per 100,000 individuals, a 3.6 percent decrease. This estimate is largely driven by reductions in causes of death likely to be influenced by access to health care, and equates to one life saved per 310 newly covered individuals.
How has the Affordable Care Act helped low income families?
The Affordable Care Act, signed into law on March 23, 2010, brought expanded access to Medicaid in 34 states and Washington, DC, which means that people living in poverty in these states can access Medicaid much more quickly and easily than before.
What are 3 kinds of insurance you should have and what are their benefits?
Life insurance will help provide financially for your survivors. Health insurance protects you from catastrophic bills in case of a serious accident or illness. Long-term disability protects you from an unexpected loss of income. Auto insurance prevents you from bearing the financial burden of an expensive accident.
Which of the following are goals of the Affordable Care Act ACA 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 ...
How many essential benefit categories are there in all health care plans under the Affordable Care Act quizlet?
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 ...
What are the minimum essential coverage requirements of the Affordable Care Act?
Minimum essential coverage is an insurance plan that meets the ACA standards for a qualified health plan. A qualified health plan must be certified by the federal Health Insurance Marketplace, provide 10 essential health benefits required by the ACA and follow federal limits on fees like deductibles and copays.
Is classified by the Affordable Care Act a silver plan offers?
For example, a plan with an actuarial value of 70% (referred to as a "silver" plan in the ACA) means that for a standard population, the plan will pay 70% of their health care expenses, while the enrollees themselves will pay 30% through some combination of deductibles, copays, and coinsurance.
What is one of the rules the ACA set for insurance companies quizlet?
Pre-Existing conditions: insurers may not deny coverage to individuals for pre-existing conditions, and must offer the same premiums within the same age and geographical group regardless of gender and pre-existing conditions, except tobacco use.
How does the Affordable Care Act provide social justice?
Additionally, the ACA expanded Medicaid for people whose income is below 138 percent of the federal poverty level. In short, the ACA has helped make important strides in reducing racial, ethnic and economic disparities in in access to health care and coverage.