The Affordable Care Act (ACA) Essay - 639 Words

The Affordable Care Act (ACA) President Barack Obama signed the Affordable Care Act, into law on March 23rd 2010. Congress had tried for decades to pass health care reform, beginning with President Franklin Roosevelt. â€Å"Following President Obama’s inauguration, he used Democrat control of both the House of Representatives and the Senate to enact health care reform legislation, and granted the federal government control of over 16% of our nations economy† (Taylor 3). The law states that every American citizen is mandated to purchase health insurance. â€Å"If you choose not to obtain Health Insurance by January 2014, you will be penalized $95, or 1% of your income-whichever is greater† (Taylor 5). â€Å"The penalty rate for non-compliance will†¦show more content†¦The small business owner that has 25 or fewer employees, and provides health insurance for them, the owner will receive tax credits to ease the burden of the cost. The small business owner will receive 50% tax credit f or a profit business and 35% tax credit for non-profit businesses. There are four different levels of insurance that the consumer has the option to choose from. The Bronze level is the cheapest and will provide 60% of benefits under the health plan. Next, is the Silver level that will provide 70% of benefits, and the cost is more expensive. Next, is the Gold level that provides 80 % of benefits, and costs is still more expensive. The Platinum level is the highest, which provides 90% of benefits, and is the most expensive of all the health plans. â€Å"Under ObamaCare, your primary point of contact regarding health insurance and health care services will be your state health exchange† (Taylor 40). Medicaid services will be expanded to consumers with incomes less than $14,000 person annually or family’s income less than $29,000 annually. At the market place insurance companies will compete against one another, which will benefit the consumer. The insurance companies that charge higher rates than their competitors will be driven out of bu siness. The government will provide tax credits to consumers that have an annual income from 14,000 toShow MoreRelatedThe Affordable Care Act ( Aca )956 Words   |  4 PagesAbsract++++++++++++++++++++++++++= The Affordable Care Act (ACA) (also known as â€Å"Obamacare†) is an historic piece of legislation that has had massive effect on healthcare in the United States. Its systemic effects on healthcare in this country are numberous, from insurance to ambulatory care, from healthcare related taxes to healthcare resources, and beyond. That said, the following research paper attempts to summarize how this massive piece of legislation has effected healthcare in the UnitedRead MoreThe Affordable Care Act ( Aca )784 Words   |  4 PagesThe Affordable Care Act (ACA) has been a primary debate topic since it was enacted in 2010. The conservatives completely disagree with the Affordable Care Act and believe that â€Å"Democrats used it as an assertion of power than they used it to improve health care conditions† (â€Å"Republican Views on Health Care†, 2014). They believe that the act was a waste of taxpayer’s dollars and would inevitably ruin our health care syste m. In contrast, the liberals supported the ACA and â€Å"pride themselves on the factRead MoreThe Affordable Care Act ( Aca )1668 Words   |  7 PagesOn March 23,2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into law. This act aims to provide affordable health care coverage for all United States citizens. â€Å"The Affordable Care Act affirms the core principle that everybody should have some basic security when it comes to their health care.† (President Obama) It will provide insurance to more than thirty million people who have been previously uninsured, and will be achieved by expanding Medicaid and extending federal subsidiesRead MoreThe Affordable Care Act ( Aca ) Essay1428 Words   |  6 PagesThe Affordable Care Act (ACA), also known as ObamaCare, is a United States law that was signed by President Barack Obama on March 23, 2010 and upheld by the Supreme Court on June 28, 2012. This Act was set to reform both healthcare and health insuranc e industries in the United States. It aims to lower cost on coverage, add new benefits, and a few new taxes. Increasing the quality, availability, and affordability of private and public health insurance are very important roles of the ACA. While tryingRead MoreThe Affordable Care Act ( Aca )1349 Words   |  6 PagesIn 2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into act to help reform healthcare in the United States. Before and after the act was effective, many people were concerned with how it would affect our country as a whole and on an individual basis. Many people say that the ACA is helping our country and others are not so sure. The goal of the act is to give millions of uninsured Americans access to quality health care and by also making it more affordable. Although thereRead MoreThe Affordable Care Act ( Aca )1279 Words   |  6 PagesThe Affordable Care Act (ACA) is a health reform law that was signed by President Barrack Obama on March 23, 2010. The full name of the law is the Patient Protection and Affordable Care Act (PPACA). One week later the President also signed a law called the Health Care Education and Reconciliation Act (HCERA), which was a supplement that made several changes the PPACA. What the country currently refers to as the ACA or Obamacare is both of these laws combined. (McDonough, 2012) Many AmericansRead MoreThe Affordable Care Act (ACA)1156 Words   |  5 PagesThe Affordable Care Act (ACA) will cause a large influx of patients into the health care system. For a variety of reasons, this will change how the front-line health care personnel provide care. Nurses will expand his or her scope and territory of care. Front line providers will change to include more advanced practice nurses because of the national shortage of primary care providers (Department Of Health And Human Services, 2014). No longer will they just practice in brick and mortar hospitalsRead MoreThe Affordable Care Act ( Aca ) Essay1089 Words   |  5 PagesSince the passage of the Affordable Care Act (ACA) or ‘Obamacare’ in 2010 and its implementation in 2014,there has been a steady decline in the uninsured population of the United States of America. The number of Americans with health insurance, has reached a historic peak. According to recent data from the Census Bureau about he alth insurance coverage, the number of uninsured Americans fell from 33 million the year prior to ACA implementation to 29 million in 2014.The total uninsured rate droppedRead MoreAffordable Care Act ( Aca )1576 Words   |  7 PagesAffordable Care Act (ACA), often known as Obamacare, was signed by President Obama in 2010. The goal of the Act is to increase the number of individuals with health insurance to the point where all Americans are insured by providing quality healthcare at an affordable price. Despite its good intent, the ACA is not as perfect as it may appear. In this paper, I will list the main features of the Act, its pros and cons, and how it affects you as an individual and discuss the King vs. Burwell lawsuitRead MoreThe Affordable Care Act ( Aca )890 Words   |  4 PagesOn March 23, 2010, the Affordable Care Act which is an Obamacare, is the United States federal statute signed into law by President Barack Obama. The Affordable Care Act (ACA) experienced many challenges, debates, and objections until the Supreme Court rendered a final decision on individual mandate healthcare insurance to uphold the health care law on June 28, 2012. The mandate healthcare insurance for workers by employers’ obligation through a regulated marketplace of health maintenance organizations