Affordable Care Act The New Health Reform Law - 957 Words

The Affordable Care Act is the new health reform law that was signed into action on March 23, 2010. The Affordable Care Act attempts to reform the healthcare system by providing Americans with affordable health insurance. It helps put individuals, businesses, and families in control of their own healthcare. By the sound of it, it really looks like this is something that will positively impact the lives of Americans, and make it easier for individuals to obtain health insurance. Unfortunately, what many Americans are unaware of is that there are so many underlying issues that make the Affordable Care Act not so affordable. Issues such as penalties and taxes that certainly rack up the cost on individuals, businesses and even hospitals that make it difficult for people and businesses to be in â€Å"control† of their health care. The individual mandate is a â€Å"requirement stating that individuals have to obtain basic health insurance under the Affordable Care Act or pay a taxà ¢â‚¬ . The fee for not having health insurance increases drastically every single year. For example, if an individual went without health insurance in 2014, the cost was $95 per adult and $47.50 per child (up to $285 per family) or 1% of their household income above the tax return filing threshold for your filing status- whichever is greater. If an individual went without health insurance in 2015, the cost was $325 per adult and $162.50 per child ($975 per family) or 2% of their household income above the taxShow MoreRelatedHealthcare Crisis And Affordable Care Act1317 Words   |  6 PagesHealthcare Crisis Affordable Care Act During the 2008 presidential election, the issue of health care reform became a pressing issue, mainly among the Democrats. Supporters quoted that nearly 46 million Americans were uninsured while 25 million did not have sufficient health coverage. The costly monthly insurance premiums led countless individuals to fully rely on government entitled programs for their health care needs. Upon his election, President Obama made health care reform the focus of hisRead MoreAffordable Care Act And Small Business1662 Words   |  7 PagesAffordable Care Act and Small Business Many people have a lot of questions when it comes to the new healthcare reform law. First off Obamacare is formally called the Patient Protection and Affordable Care Act. The Patient Protection and Affordable Care Act is the healthcare reform law that was signed in 2010 and now many states have opened their health insurance marketplace exchanges as of October 1, 2013. This new healthcare reform law aims to increase the number of Americans that are coveredRead MoreThe Affordable Care Act : Obama Care, The Patient Protection Act1732 Words   |  7 PagesThe Affordable Care Act Obama Care, The Patient Protection Act, people have given it many nicknames but it’s official name is The Affordable Care Act. The law may have several nicknames, but one thing is for sure, it is very controversial. Americans are torn on whether the law will work or not, and it’s causing a huge debate ahead of the 2016 presidential election. The effects that The Affordable Care Act may have on our country can best be understood by analyzing the background and the historyRead 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 pu rchase a health care policy or will have to pay a penalty. Ready or notRead MorePatient Protection And Affordable Care Act1259 Words   |  6 PagesPatient 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 and healthcare reform for especially your averageRead MoreThe Affordable Care Act Is Surrounded By Numerous Political Circumstances1441 Words   |  6 PagesThe Affordable Care Act is surrounded by numerous political circumstances. The Affordable Care Act has been called by many names such as Obama Care or healthcare overhaul. The healthcare overhaul is one of the rare policies that has been developed, but not tweaked to perfection; it may never be tweaked to satisfy everyone, but it could still improve. According to the article entitled â€Å"The Science of Muddling Through† by Charles Lindblom â€Å"Policy is not made once and f or all; it is made and re-madeRead MoreThe Goals in Issues of Obamacare1245 Words   |  5 PagesThe new health care reform law in America, Obamacare, increases the quality, availability, and affordability of private and public health insurance to 44 million uninsured. It also is working to curb the growth in healthcare spending in the U.S. which has been rising at an unsustainable rate. Obamacare was passed in the senate on December 24, 2009, and passed in the house on March 21, 2010. It was signed into law by President Barack Obama on March 23, 2010, and upheld in the supreme court on JuneRead MoreAffordable Care Act1414 Words   |  6 PagesPatient Protection and Affordable Care Act Yolanda Raqueno HCS/455 April 17, 2013 Patient Protection and Affordable Care Act The goal of this essay is to discuss the health care system in the United States. Another aim of this essay is to discuss the health policy, to improve, and to reduce inequalities. In the United States the private insurance system is a major provider of health care services, health care system is expensive and in many cases not efficient. This essay focusesRead MoreObama Essay930 Words   |  4 PagesLaw Identification The Affordable Health Care Act also known as Obamacare is a reform law that was enacted in March of 2010 by the 111th United States Congress that had begun the last two weeks of George W. Bush’s presidency. And what they did was have a legislative branch meeting in 2010 to discuss The Patient Protection and Affordable Care Act that was eventually nicknamed Obamacare, that also included the Health Care and Reconciliation Act of 2010.This was an act that would ensure that all AmericansRead MoreA Comprehensive Overview Of The Affordable Care Act1713 Words   |  7 Pagespresident Barack Obama, signed into law on March 23, 2010 by President after long legislative debates, the Affordable Care Act s main purpose is to provide access to affordable and comprehensive health coverage to millions uninsured Americans who do not have coverage or adequate coverage, those who would be denied coverage under the previous insurance practice either base on pre-existing condition, gender or age, while controlling the cost of health care. (New York Time, October 26, 2014) The purpose