What is the primary purpose of the Affordable Care Act aka Obamacare )? Quizlet?
What is the primary purpose of the Affordable Care Act aka Obamacare )? 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 10 essential benefits of the Affordable Care Act?
The Affordable Care Act requires non-grandfathered health plans in the individual and small group markets to cover essential health benefits (EHB), which include items and services in the following ten benefit categories: (1) ambulatory patient services; (2) emergency services; (3) hospitalization; (4) maternity and …
Which of the following requires health insurance companies to cover 10 essential health benefits?
The Affordable Care Act, also known as the ACA or Obamacare, allows you to buy individual and small group (small business) health insurance plans through an ACA marketplace (also called an exchange). All qualified health insurance plans sold through the Obamacare marketplace must cover the 10 essential health benefits.
What are the levels of coverage as defined by the Affordable Care Act?
Under the Affordable Care Act (ACA) health plans will be required to provide four levels of coverage: bronze, silver, gold and platinum. In the exchanges, participating plans must offer, at a minimum, one silver and one gold plan. Each plan in each level must cover the same set of essential health benefits.
Did the Affordable Care Act ACA Obamacare improve or worsen healthcare in the US?
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.
What was bad about Obamacare?
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the tax increases and higher insurance premiums needed to pay for Obamacare. Some people in the healthcare industry are critical of the additional workload and costs placed on medical providers.
Is the Affordable Care Act still in effect for 2020?
ACA Has Not Been Repealed or Replaced, & Lawsuit Doesn’t Affect Enrollment in 2020 Plans. Despite the ever-present headlines about health care, most of the proposed changes have withered on the vine.
What are the major provisions 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 …
What is the Patient Protection and Affordable Care Act quizlet?
Patient protection and affordable care act. Law passed by congress in 2010 to provide affordable health insurance foe all us citizens and reduce the growth in health care spending. It does impact those without health insurance, requiring them to get insured or pay a penalty tax.
What was the basic goal of the Patient Protection and Affordable Care Act quizlet?
What was the primary goal of the proponents of the Patient Protection and Affordable Care Act? Extend health insurance coverage to all Americans. both benefits and costs should be taken into account by physicians.
What is the problem with the Affordable Care Act?
“The problem the ACA had is that the ACA did not control costs,” he said in a phone interview. “If you look back to 2010, and asked Americans what was the number one problem in the healthcare system, it was how to control healthcare costs.
Does Obamacare make healthcare more affordable?
The ACA helps to make health care more affordable in two ways: by providing insurance coverage for approximately 50 million people who are currently uninsured and by striving to control health care costs by changing how medical services are paid for.
Why was the Affordable Care Act controversial quizlet?
There is a penalty tax for failure to comply. Why is the individual mandate controversial? Because opponents of the Affordable Care Act argue that forcing people to buy health insurance is an unconstitutional use of the Commerce Clause by Congress because health insurance is not related to interstate commerce.
How did the Patient Protection and Affordable Care Act increased access to health insurance quizlet?
An act enacted to increase the quality and affordability of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government. It introduced mechanisms like mandates, subsidies, and insurance exchanges.
When was the Affordable Care Act effective?
2010
What was the vote on the Affordable Care Act?
On November 7, the House of Representatives passed the Affordable Health Care for America Act on a 220–215 vote and forwarded it to the Senate for passage.
How did Obamacare affect the 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 some of the benefits in the passage of the Affordable Care Act quizlet?
The act was enacted to expand coverage, hold insurance companies more accountable, lower healthcare costs, give people more choice for insurance, and increase the quality of healthcare/ health insurance.
What was the purpose of ACA?
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 …
How has Obamacare affected health care costs?
National health spending increased from $2.60 trillion in 2010 to $3.65 trillion in 2018. Some of that increase is due to the expansion of health care coverage, which increased access to services for newly covered families. Thus, the ACA did not reduce the level of health care spending.
Has the ACA improved access to care?
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.
What are the four items required by the ACA of hospitals?
These additional requirements are:
- Community Health Needs Assessment (CHNA) – Section 501(r)(3),
- Financial Assistance Policy and Emergency Medical Care Policy – Section 501(r)(4),
- Limitation on Charges – Section 501(r)(5), and.
- Billing and Collections – Section 501(r)(6).