Who was most impacted by the Affordable Care Act?
Asked by: Mr. Alfonso Olson | Last update: September 10, 2022Score: 5/5 (49 votes)
Since the enactment of the ACA, Latinos have experienced the largest gain in health coverage among all racial and ethnic groups. Changes in the uninsured rate between the fourth quarter of 2013 and the first quarter of 2015 (based on Gallup-Healthways surveys) are summarized in Table 1.
Who was affected by 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 ...
Who benefited most from Obamacare?
More than 20 million Americans gained health insurance under the ACA. Black Americans, children and small-business owners have especially benefited. Thirty-seven states have expanded Medicaid, deepening their pool of eligible residents to those who live at or below 138% of the federal poverty level.
How many people were affected by the Affordable Care Act?
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.
What was the major success of the Affordable Care Act?
It has dramatically reduced the uninsured rate. On the day President Obama signed the ACA, 16 percent of Americans were uninsured; in March 2020, it was nine percent.
Here's Why the Affordable Care Act Is So Controversial | History
How did the Affordable Care Act ACA benefit individuals?
The ACA was designed to reduce the cost of health insurance coverage for people who qualify for it. The law includes premium tax credits and cost-sharing reductions to help lower expenses for lower-income individuals and families.
How did Obamacare 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.
Which racial ethnic group has the highest rate of uninsurance?
While White individuals make up the largest share of the U.S. uninsured population at 47 percent, Black and Hispanic individuals account for disproportionately high shares of this remaining uninsured population.
How does Obamacare affect American families?
The ACA has helped millions of Americans gain insurance coverage, saved thousands of lives, and strengthened the health care system. The law has been life-changing for people who were previously uninsured, have lower incomes, or have preexisting conditions, among other groups.
How does the Affordable Care Act affect racial and ethnic minority groups?
Conclusions. The ACA has reduced racial/ethnic disparities in coverage, although substantial disparities remain. Further increases in coverage will require Medicaid expansion by more states and improved program take-up in states that have already done so.
What are the negative effects of the Affordable Care Act?
Affordable Care Act Negatives
Requiring health insurance companies to provide additional coverage has raised the price of insurance for some people, including their insurance premiums. Folks who would prefer very minimal insurance are forced to pay more for better coverage.
Why the Affordable Care Act failed?
Not only did the ACA fail to control the rising cost of insurance, but it also failed to make health care and prescribed medicines affordable. According to a West Health and Gallup, 30 percent of surveyed individuals did not seek needed medical treatment due to the cost from September to October 2021.
What race is on Medicaid the most?
An estimated 47.3% of Whites, 40.0% of African Americans, and 30.0% of Native Americans met new eligibility criteria for Medicaid, compared with 81.1% of Asian Americans, 57.0% of Latinos, and 55.1% of individuals of more than 1 race.
What race has the most health disparities?
African Americans have the highest mortality rate for all cancers combined compared with any other racial and ethnic group. There are 11 infant deaths per 1,000 live births among Black Americans.
Who are the most uninsured in America?
Results—In 2020, 31.6 million (9.7%) people of all ages were uninsured at the time of the interview. This includes 31.2 million (11.5%) people under age 65. Among children, 3.7 million (5.0%) were uninsured, and among working-age adults (aged 18–64), 27.5 million (13.9%) were uninsured.
How much did Obamacare cost taxpayers?
This cost includes gross costs of $1.993 trillion, which includes spending on subsidies for insurance obtained through the exchanges, tax credits to small businesses and expanded Medicaid coverage, minus revenues of $643 billion, which includes penalty payments from those who don't obtain insurance and employers who ...
How has the Affordable Care Act impacted hospitals?
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.
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 does the Affordable Care Act affect healthcare professionals?
Providers expanded capacity and staff to meet increased demand under ACA. The Affordable Care Act (ACA) increased the number of people with health insurance, leading to greater demand on providers for health care services.
Do minorities have less access to healthcare?
Minority Americans Have Lower Rates of Insurance Coverage and Less Access to Care Lack of health insurance is linked to less access to care and more negative care experiences for all Americans. Hispanics and African Americans are most at risk of being uninsured.
Which minority group is at the greatest risk of being uninsured and why?
People of color were at much higher risk of being uninsured compared to White people, with Hispanic and AIAN people at the highest risk of lacking coverage (Figure 1). The higher uninsured rates among people of color reflected more limited access to affordable health coverage options.
Who uses the most Medicare?
The majority (83%) of Medicare beneficiaries are ages 65 and older, while 17 percent are under age 65 and qualify for Medicare because of a permanent disability. However, a much larger share of black (31%) and Hispanic beneficiaries (23%) than white beneficiaries (14%) are under age 65 and living with disabilities.
Has Obamacare worked statistics?
Obamacare Statistics and ACA's Impact on Insurance Rates
According to research, premium increases have averaged 4.5% from 2006 to 2010. This increase has been steady at 3.6% since 2012. The latest premiums of the Affordable Care Act are at its lowest it has been since its inception.
Why do doctors not like Obamacare?
Dr. Richard Amerling, a New York City physician who is president of the AAPS, said Obamacare has set up a “bad business model” for private physicians. Doctors, he said, can't adjust their rates to keep up with expenses. In addition, electronic record keeping is a burden both in terms of cost and time.
How many African Americans have no health insurance?
Key findings from the report include: Since the implementation of the ACA's coverage provisions, the uninsured rate among Black Americans under age 65 decreased by 8 percentage points, from 20 percent in 2011 (approximately 7.1 million people) to 12 percent in 2019 (approximately 4.4 million people).