Why is Affordable Care Act good thing?
Asked by: Prof. Reina Quitzon | Last update: October 24, 2023Score: 4.8/5 (34 votes)
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)
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.
How effective is the Affordable Care Act?
Indisputably, yes. More than 20 million people have gained coverage as a result of the ACA. 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.
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.
How Does The Affordable Care Act Work?
What is a major feature of the Affordable Care Act?
The ACA prohibits lifetime monetary caps on insurance coverage, limits the use of annual caps, and establishes state rate reviews for insurance premium increases.
What is one benefit of 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.
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.
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.
Did the Affordable Care Act save money?
Yet the ACA has more than delivered on that promise, saving about $4,000 per family. And these lower health care premiums probably contribute to the recent rise in workers' wages.
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.
Did the Affordable Care Act increase taxes?
To raise additional revenue for reform, the ACA imposed excise taxes on health insurers, pharmaceutical companies, and manufacturers of medical devices; raised taxes on high-income families; and in-creased limits on the income tax deduction for medical expenses.
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 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.
What happens if there was no Affordable Care Act?
Across the country, 29.8 million people would lose their health insurance if the Affordable Care Act were repealed—more than doubling the number of people without health insurance.
What did Biden do to the Affordable Care Act?
For his first two years in office, President Biden prioritized the ACA in his legislative agenda. Early in his term, he signed the American Rescue Plan Act of 2021 (ARPA), which included a significant increase in premium subsidies for Marketplace enrollees, through 2022.
When did the Affordable Care Act become effective?
Effective January 1, 2013. Open Enrollment in the Health Insurance Marketplace Begins. Individuals and small businesses can buy affordable and qualified health benefit plans in this new transparent and competitive insurance marketplace. Effective October 1, 2013.
How many Americans benefit from 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 impact did the Affordable Care Act have on healthcare reimbursement?
Some Medicare and Medicaid reimbursement rates declined under the Affordable Care Act to transition the industry away for fee-for-service. While rates were reduced, CMS developed value-based incentive payments and alternative payment models to reward high-quality and affordable care rather than volume.
How did nurses benefit from the Affordable Care Act?
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 were the two main goals of the Affordable Care Act ACA with respect to health insurance?
The Patient Protection and Affordable Care Act (ACA) has two main goals: (1) to make health care coverage more available, affordable, and acceptable and (2) to slow the growth of health care costs in the U.S.
What are two benefits of 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). Expand the Medicaid program to cover all adults with income below 138% of the FPL.
What were the main accomplishments of the Affordable Care Act quizlet?
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 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.
How has the ACA improved health care?
Coverage Gains under the ACA
The ACA has made health insurance more accessible—particularly for women, people of color, and LGBTQ people. Its provisions, especially Medicaid expansion, have made insurance more affordable and have resulted in substantial gains in health coverage.