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. The law also expands the Medicaid program to cover more people with low incomes.
What is the purpose of the ACA?
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 was the major focus of the 2010 Patient Protection and Affordable Care Act?
The Patient Protection and Affordable Care Act (ACA) has two main goals: (1) to make health care coverage more available, affordable, and acceptable and (2) to slow the growth of health care costs in the U.S.
What are the essential provisions of the 2010 Patient Protection and Affordable Care Act Ppaca )? What impact do you think the Ppaca will have on the US healthcare system the US economy?
When fully implemented, the Act will cut the number of uninsured Americans by more than half. The law will result in health insurance coverage for about 94% of the American population, reducing the uninsured by 31 million people, and increasing Medicaid enrollment by 15 million beneficiaries.
Why did the Affordable Care Act come about?
The Affordable Care Act (ACA), also known as the Patient Protection and Affordable Care Act, became law on March 23, 2010. … The ACA aimed to ensure that more people had more health insurance coverage in the United States. It also aimed to: improve the quality of healthcare and health insurance.
Has the Affordable Care Act been successful?
The Patient Protection and Affordable Care Act (commonly known as the ACA) was spectacularly successful in expanding health insurance to people previously uncovered, through the insurance exchanges and Medicaid expansion. … First, the good news: We estimate that the ACA saved more than one-half trillion dollars.
What are the key features 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 …
Which of the following are goals of the Patient Protection and Affordable Care Act of 2010 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 are 2 components of the Affordable Care Act?
The law addresses health insurance coverage, health care costs, and preventive care. The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 and was amended by the Health Care and Education Reconciliation Act on March 30, 2010.
What are the four major components of the Affordable Care Act?
INCREASING ACCESS TO AFFORDABLE CARE
- Providing Access to Insurance for Uninsured Americans with Pre-Existing Conditions. …
- Extending Coverage for Young Adults. …
- Expanding Coverage for Early Retirees. …
- Rebuilding the Primary Care Workforce. …
- Holding Insurance Companies Accountable for Unreasonable Rate Hikes.
How can the Affordable Care Act be improved?
A: The single most important and achievable thing is to improve the health insurance subsidies, the advance premium tax credits, that make the purchase of individual insurance affordable for people who are eligible.
How the Affordable Care Act affects patients?
The ACA has reduced the number of uninsured people to historically low levels and helped more people access health care services, especially low-income people and people of color.