The Patient Protection and Affordable Care Act will ensure that all Americans have access to quality, affordable health care and will create the transformation within the health care system necessary to contain costs.
What is the purpose of the Patient Protection and Affordable Care Act?
The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions …
What is the Patient Protection and Affordable Care Act known as?
(It’s sometimes known as “PPACA,” “ACA,” or “Obamacare.”) … The law provides numerous rights and protections that make health coverage more fair and easy to understand, along with subsidies (through “premium tax credits” and “cost-sharing reductions”) to make it more affordable.
What will be the main effects of the Patient Protection and Affordable Care Act?
The Patient Protection and Affordable Care Act (ACA) will greatly expand private coverage and Medicaid while making major changes to payment rates and the health care delivery system. These changes will affect traditional health insurers, individuals, and government payers.
What is the Patient Protection and Affordable Care Act and when did it become law?
The Patient Protection and Affordable Care Act was signed into law by President Obama on March 23, 2010. … The ACA significantly changed the healthcare system in the U.S. by reducing the amount individuals and families paid in uncompensated care.
What is the goal of the Patient Protection and Affordable Care Act quizlet?
The ACA was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government.
What is the major objective 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 was the goal of the Patient Protection and Affordable Care Act signed into law in 2010 quizlet?
This was signed into law on March 23, 2010 by Obama. The goal of the act is to improve the accessibility and quality of the U.S. Healthcare system.
Is the Affordable Care Act still in effect for 2021?
Other than the individual mandate penalty repeal (and the repeal of a few of the ACA’s taxes, including the Cadillac Tax), the ACA is still fully in effect. … 7 And millions of additional people are eligible for premium-free coverage as a result of the American Rescue Plan.
What is the Affordable Care Act in simple terms?
The comprehensive health care reform law enacted in March 2010 (sometimes known as ACA, PPACA, or “Obamacare”). … 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 is the impact of the Affordable Care Act ACA on the role of finance?
October 25, 2019 – The Affordable Care Act (ACA) did more to improve hospital fiscal health than boost profitability and decrease the amount of uncompensated care delivered, according to a recent study from the Government Finance Research Center at the University of Illinois at Chicago.
What did the Affordable Care Act accomplish?
Conclusion. 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.
How does the Affordable Care Act help the unemployed?
The subsidies that are now available through the Affordable Care Act marketplace were authorized in the $1.9 trillion American Rescue Plan Act, which was enacted in March. Anyone who has received unemployment benefits this year could qualify for the free (or nearly free) coverage, even if they are working again.
What are the most important elements of the Affordable Care Act in relation to community and public health?
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 …
Was the Affordable Care Act successful?
The Affordable Care Act (ACA) was signed into law in March of 2010 and despite repeated attacks, not only has it survived – it has thrived, and continues to provide tens of millions of Americans with access to health care coverage.
Which is a characteristic of the Patient Protection and Affordable Care Act Ppaca )?
Patient Protection and Affordable Care Act (PPACA): The ACA consists of a combination of measures to control healthcare costs, and an expansion of coverage through public and private insurance which includes broader Medicaid eligibility and Medicare coverage, and subsidized, regulated private insurance.