Obamacare Or Affordable Care Act - 893 Words

Obamacare or Affordable care act (ACA) refers to the healthcare act introduced by President Obama in 2010 and represents one of the significant healthcare reforms since the passage of Medicare and Medicaid in 1965. The primary purpose of the reform was to increase the quality and affordability of health insurance, expand the reach of insurance, and reduce the costs of healthcare for both individuals and government. First, we will analyze the merits and disadvantages of Obamacare – PROS 1. Currently, 44 M people are uninsured and the reform will help provide affordable and quality healthcare to these people 2. ACA ensures that people with pre-existing health problems such as cancer, can no longer be denied coverage 3. As per ACA,†¦show more content†¦ACA hasn’t made it easy for consumers and with so many moving parts and options, insurance shopping is very complicated and consumers risk over-buying or under-buying 6. There will be an increase in budget deficit in the short-term due and due to the increased demand for primary care visits, we might experience a shortage 12,500-31,000 physicians by 2025 From the analysis, it is evident that Healthcare reform is a complicated issue and I believe ACA is a right step in transforming the industry. Before, we decide on what’s the best course for Obamacare going forward, we need to understand the alternatives presented by the two main presidential candidates – Trump and Hillary – and analyze the possible alternatives. TRUMP – Two of the important components of Trump healthcare reform plan are 1. Repeal the ACA and introduce several new policies – According to the Congressional budget office (CBO), Trump’s plan will increase the number of net uninsured individuals by 21 million. One of the merits of the plan is it will allow insurance firms to sell across states. Though the plan might reduce costs but it would double the number of people without insurance 2. Turn Medicaid into a â€Å"block grant† program – Under t his plan, the federal government will pay each state a fixed allotment of dollars each year instead of paying a portion of state medicare costs (based on a matching rate). This has theShow MoreRelatedObamacare And Affordable Care Act930 Words   |  4 Pagesfunctions. Obama’s Health Care Reform, better known as ObamaCare was signed into law on March 23, 2010. It is officially called the Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA). This act is meant to provide affordable, good quality health care to all Americans and to cut health care spending. The ACA has been on ongoing struggle to reform the health care system. Almost 50 million Americans still lack health coverage despite the fact that ObamaCare continues to help provideRead MoreObamacare : The Affordable Care Act1317 Words   |  6 PagesThe Affordable Care Act, otherwise known as Obamacare, was passed in March 2010. This over-1000-page Act implements a number of reforms designed to increase the availability of health care for individuals. The Act created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans (which are cheaper), though you can only get certain plans from certain places, including an expanded Med icaid. It also creates an incentive to purchase health insurance-if you don t, youRead MoreObamacare And The Affordable Care Act1028 Words   |  5 PagesThe Affordable Care Act was created to make an attempt to reduce the amount we pay for healthcare. â€Å"Healthcare premiums were too expensive for many families to afford,† is a common issue among citizens today, and we have come to the conclusion that Obamacare can help reduce that amount. Ever since this has been put in place, many Americans deny this, but it says that even if you aren’t 100 percent healthy it will still cover you, unlike regular healthcare premiums opposed that. Another benefit thatRead MoreObamacare And Affordable Care Act Essay1564 Words   |  7 PagesPatient Protection and Affordable Care Act expanded the 1965 bill passed under President Johnson that created Medicare and Medicaid (â€Å"LBJ Presidential Library,† 2015). While the Affordable Care Act, or â€Å"Obamacare† as it h as been dubbed by the media, has many components, the focus here is the expansion of Medicaid. Obamacare sought to expand Medicaid to cover those who earn too much to qualify for traditional Medicaid, but not enough to afford employer-provided health care. These people are said toRead MoreThe Affordable Care Act: Obamacare1140 Words   |  5 PagesThe Affordable Care Act, often referred to as the ObamaCare was signed into law on March 23, 2010. It has created a lot of controversy since its debut. The Healthcare reform will affect all Americans. The issue has many Americans believing it is a great thing for our country while others believe it is a terrible idea and then of course there are those who don’t know what to think. By Jan 1, 2014 Americans will be required to purchase a health care policy or will have to pay a penalty. Ready or notRead MoreObamacare And Affordable Care Act997 Words   |  4 PagesWhite Professor Eastman English 1020 29 January 2015 Obamacare’s Healthier America Health care has been a controversial topic of discussion for all Americans since it was put in effect many years ago. Currently the biggest debate of Healthcare up to date is Obama’s Patient Protection and Affordable Care Act, also known as Obamacare, is a Health care Reform that is a governmental attempt to make basic health care easily obtainable. However, there are no benefits without cost in situations like this,Read MoreObamacare And Affordable Care Act928 Words   |  4 PagesUnited States, Barack Obama, signed into law the Patient Protection and Affordable Care Act (PPACA), which is commonly called the Affordable Care Act (ACA) or familiarly the Obamacare (What is ObamaCare). President Obama created ACA to make health care more affordable and accessible for people in the United States. The Affordable Care Act guarantees most people will have health insurances as well as reduces the high cost of health care of individual and government. These are also two points that th e ACARead MoreObamacare : The Affordable Care Act1507 Words   |  7 Pageshealth care coverage for all; and that is called The Affordable Care Act ( ACA)1 or also known as Obamacare. This program provides standardized medical expenses/procedures to be made and allows everyone -- who is eligible -- to have coverage. However, I think that we need to take in account how Obamacare is negatively impacting the lower class, middle class, and upper class; therefore, we should remove it. This law became effective on March 23, 2010 (Key Features of The Affordable Care Act). ObamacareRead MoreObamacare And The Affordable Care Act1061 Words   |  5 Pages The Affordable Care Act, also known as Obamacare or ACA, is the health reform law enacted in 2010 by Congress. The official name of this reform is the Patient Protection and Affordable Care Act. Many provisions of the law are already in effect and the rest are going to continue to develop until 2022. After a year of intense political wrangling, the health reform initiative was passed by Congress. Even though it falls short of providing universal coverage, it is unlike the Clinton proposal. TheRead MoreThe Affordable Care Act ( Obamacare )1604 Words   |  7 Pages Ever since Barack Obama signed the Affordable Care Act (Obamacare) into law in 2010, it has been met by criticism from many people from many different ideologies. Although the law held promise for allowing all individuals to afford healthcare and all of its benefits, that is not to say it does not have its downsides. Since passing, both the conservative and democratic parties have found reasons to dislike the law. This es say will include a description of the law itself, criticisms from the two parties