Patient Protection and Affordable Care Act - 1445 Words

Patient Protection and Affordable Care Act The Patient Protection and Affordable Care Act (PPACA) signed into law by president Obama on March 23, 2010 is arguably the most extensive reform of health care law ever to be enacted in the U.S. It will impact the way professionals practice health care, the way insurance companies handle health care as a product, and the way consumers purchase and use health care as a service. The Affordable Health Care Act is primarily aimed at reducing the number of uninsured Americans and reducing the overall costs of health care from an administrative and consumer standpoint. The PPACA requires insurance companies to cover all applicants and offer the same rates to all applicants of the same age†¦show more content†¦This too could lead to a coverage gap in those states. The Act has not been fully instituted yet; it is set to be fully effective by the year 2020, but the provisions that are in effect now have benefited millions of Americans. For example, a little more than three million y oung adults in America who were uninsured have gained coverage by being able to stay on their parent s health plan (HealthCare.gov) and 86,000 Americans with pre-existing conditions are receiving affordable insurance through a temporary plan called the Pre-Existing Condition Insurance Plan (HealthCare.gov). Insurance companies will be made to act more responsibly under the PPACA. They are already being made to spend their money more wisely. For example, the the health insurance companies of 76 million Americans are now required to spend 80% of premiums paid by the insured on improvements to health care. If they do not use 80% of the money paid to them by their customers for that purpose, they will be required to provide rebates to their customers (HealthCare.gov). Nearly 1.1 billion dollars in rebates have been provided to nearly 13 million customers. If insurance companies should feel the need to raise rates by 10% or more, they must publicly justify why they are raising their rate s and the law gives states resources to review and block premium increases of this magnitude (HealthCare.gov). The primary goal of the new healthcare policy is to insure allShow MoreRelatedThe Patient Protection And Affordable Care Act1057 Words   |  5 PagesMaureen Omondi Patrick Gilbert Govt 2305 5 February 2015 The Patient Protection and Affordable Care Act The Patient Protection and Affordable care Act also known as Affordable Care Act, Obama Care and ACA is an act signed into law by the current president of the United States, Barack Obama in March 23, 2010. Beginning in 2014, any failure to purchase minimum coverage will result in a person being fined. Also included in the Act are individual mandate requirements, expanding public programs, healthRead MoreThe Patient Protection And Affordable Care Act1272 Words   |  6 PagesThe Patient Protection and Affordable Care Act In this paper I plan to discuss an increasingly difficult topic of The Patient Protection and Affordable Care Act. I will go over the basics of the act including who founded it, when, what it states as well as what its purpose is. I will also discuss the nine titles of the Affordable Care Act. I will then go over how four of the nine titles have affected how nurses provide care. I will finalize my paper by reflecting upon what I have learned from theRead MoreThe Patient Protection And Affordable Care Act Essay1418 Words   |  6 PagesUnderserved Communities: PPACA Tashia Lee Health/Public Policy (HLTH225-1604A-01) Abstract The Patient Protection and Affordable Care Act was designed to expand insurance coverage for all of those that are uninsured. Also the Act was put into place to reduce the cost of health care. The morbidity and mortality rates in the United States have decreased since the Act was in place in 2010. The Act is also helping the goals of Healthy People 2020 that was implemented, but there is still more improvementsRead MoreThe Patient Protection And Affordable Care Act858 Words   |  4 PagesComprehensive Health Reform: The Patient Protection and Affordable Care act Ken Davis February 13, 2016 PADM 550 –BO2- LUO Dr. Tory Weaver Defining the Problem The Patient Protection and Affordable Care Act of 2010 (PPACA)is a highly complex and multifaceted policy in addition to being political controversial. Changes made to the law by subsequent legislation, focuses on provisions to expand coverage, control health care costs, and improve health care delivery system. Some changes requireRead MorePatient Protection And Affordable Care Act1104 Words   |  5 PagesPatient Protection and Affordable Care Act Patient Protection and Affordable Care Act (PPACA) What the Act Offers The Patient Protection and Affordable Care Act offers many healthcare benefits to a diverse group of American citizens. However, there are a few downsides as well. The major portions of the act deal with four primary issues: 1. Increasing the health care coverage of patients with pre-existing conditions 2. Expanding access to health care insurance to over 30 million uninsured AmericansRead MoreThe Patient Protection And Affordable Care Act1710 Words   |  7 PagesThe Patient Protection and Affordable Care Act is a highly controversial act of the United States government commonly referred to as ObamaCare. Designed to â€Å"ensure that all Americans have access to quality, affordable health care,† (Patient Protection) this bill has received a large amount of opposition for a variety of reasons, but it is also widely supported, therefore garnering it attention from interest groups. Many interest groups, including religious organizations, attempt to change laws andRead MorePatient Protection And Affordable Care Act1259 Words   |  6 Pages Maxcine Bakhshizad Mr. Todd Mod â€Å"H† Patient Protection Affordable Care Act Everest University What Is Affordable and What Isn’t? The healthcare industry in America has definitely changed over the last few decades. Our federal government has tried to mold and shape our country into a place where healthcare can be affordable for all families, not just the wealthy and those below the poverty line. The Patient Protection and Affordable Care Act was created to bring about changes andRead MorePatient Protection with the Affordable Care Act1516 Words   |  6 PagesThe Patient Protection and Affordable Care Act (PPACA) commonly called the Affordable Care Act (ACA) or ObamaCare is a federal statute of the United States signed by President Barack Obama on March 23rd, 2010. As the name suggests, the new health care law is made up of the Affordable Health care for America Act and the Patient Protection Act. It also includes amendment to other laws like Food, Drug and Cosmetic Act. The main purpose of this complex legislation is to provide Americans with affordableRead MoreThe Patient Protection And Affordable Care Act16 36 Words   |  7 PagesIntroduction Julie Pham and Serena Ellison University of Mississippi  Introduction The Patient Protection and Affordable Care Act (PPACA) frequently known as â€Å"The Affordable Care Act† (ACA) or â€Å"Obamacare,† is the United States decree authorized into law by President Barack Obama on March 23, 2010 (Group, 2014). The principle of the Affordable Care Act was to strengthen the quality and affordability of health insurance and decrease the uninsured tariffs by magnifying public and private insuranceRead MoreThe Patient Protection And Affordable Care Act756 Words   |  4 PagesProblem Statement It has been almost six years since the Patient Protection and Affordable Care Act (PPACA) was enacted. Before the ObamaCare Act many people living in the United States didn’t have health insurance. The Patient Protection and Affordable Care Act include a long list of health-related provisions. Additionally, it supposed to extend coverage health insurance to many uninsured Americans (Obamacare, Web). Not all new government programs are perfect and the PPACA is no exception. Even