What did Obamacare do for America?
It was designed to extend health coverage to millions of uninsured Americans. The act expanded Medicaid eligibility, created a Health Insurance Marketplace, prevented insurance companies from denying coverage due to pre-existing conditions, and required plans to cover a list of essential health benefits.
What are the two main parts of the Affordable Care Act?
The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law on and was amended by the Health Care and Education Reconciliation Act on . For More Information: Read the Full Law.
What is the primary goal of the Patient Protection and Affordable Care Act ACA )? Quizlet?
The Patient Protection and Affordable Care Act (ACA) was signed by President Obama on . The focus of the program is three-fold: to expand Medicaid, to preserve both Medicare and employer/job-based insurance coverage, and to promote state control of insurance markets.
Who does the Affordable Care Act help the most?
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.2019-12-29
Which of the following is a main component of the Affordable Care Act ACA quizlet?
Which of the following is a main component of the Affordable Care Act (ACA)? The requirement that people obtain health insurance or pay a penalty.
What is the purpose of the Affordable Care Act quizlet?
What is the main objective of the ACA? 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 the major provisions of the Affordable Care Act quizlet?
Key Federal Provisions Provisions included in the ACA are intended to expand access to insurance, increase consumer protections, emphasize prevention and wellness, improve quality and system performance, expand the health workforce, and curb rising health care costs.
What are two major benefits of the Affordable Care Act?
Summary: The Affordable Care Act is generating major benefits for our economy by expanding access to affordable insurance coverage and reforming our health care delivery system to reduce costs and improve quality.2015-04-02
What is the main component of the Affordable Care Act?
Getting Coverage 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 the Affordable Care Act of 2010 is quizlet?
Protect patients from abusive insurance company practices and make healthcare more affordable and eliminate/reduce number of uninsured (30 million). You just studied 13 terms!
How has Obamacare affected the US economy?
Based solely on recent economic growth, the ACA has subtracted $250 billion from GDP. At that pace, the cumulative loss by the end of the decade will exceed $1.2 trillion. Lost growth in work hours per person has removed the equivalent of 800,000 full-time jobs from the economy.
What are the advantages of the Affordable Care Act?
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.2020-03-23
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.2021-05-06
What was the impact of 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 2021-09-06
What is the key component of the Affordable Care Act?
Key provisions of the ACA that intend to address rising health costs include providing more oversight of health insurance premiums and practices; emphasizing prevention, primary care and effective treatments; reducing health care fraud and abuse; reducing uncompensated care to prevent a shift onto insurance premium
Who benefits most from the Affordable Care Act?
Who does the Affordable Care Act help the most? Two categories of individuals will benefit the most from the exchanges: those who don’t have health insurance right now and those who buy insurance on the individual market.2013-10-01