Affordable Care Act

Topics: Health care, Health economics, Healthcare reform Pages: 11 (2589 words) Published: June 30, 2014

Affordable Health Care Act
By Cecily Blakely
Mr. Mirijanian
March 1st, 2014

Affordable Health Care Act
Purpose Statement
Health care reform has been a budding issue within the United States this past year, and problems continue to surface. At the beginning of this process, Americans wanted the government to ensure that all citizens would be able to have affordable and good health care, no matter what their financial situation. The price for health care was increasing at a rate that people could no longer afford it and a lot of people desperately wanted a universal health care systems like some of their neighboring countries. In a sense, change was needed, but how this change came about is the real issue now. Americans may not get what they bargained for, and it could end up costing more than some individual initially thought. Importance of Research

I want to research this economic policy because I hear so much scrutiny from every individual I talk to, while I also see some friends and family benefiting from the Affordable Care Act. I want to learn more about what we truly signed up for and the repercussions for “pimping out” the health care industry, along with any hidden agendas that might be embedded within this new policy. According to the U.S Department of Health & Human Services, “The Affordable Care Act was passed by Congress and then signed into law by the President on March 23, 2010. On June 28, 2012 the Supreme Court rendered a final decision to uphold the health care law” (2014). It is not until 2014 that is really coming into effect, to the point where it is mandated to have insurance by April 2014. This policy was implemented to make sure every American has health insurance but little are properly educated on how this new policy will affect us in the years to come. Time to learn the truth from both sides of the debate Policy Overview

The Affordable Health Care Act, was a policy that has recently been put in place to help citizens receive the health care they need at an affordable price. As wages remain the same, prices continue to climb to the point where minimum wages isn’t enough, health care is last on the list of needs. Many Americans do not have health insurance or receive it from the state because it is not an affordable aspect of our economy and it was not mandated. Now the government as took it upon themselves to make laws and regulations in order to ensure every American citizen has affordable health insurance. For those who can pay more, pay more, and those who can’t, will ultimately pay less. Although that is a great concept for the American people to believe in, but with all of the rules, regulations and underlining laws, it is important to understand what Americans are actually getting from this deal. For this paper, we will focus on individuals, employers and tax credits available to help with the cost of insurance. Provisions of the Affordable Health Care Act

On March 23, 2010, President Obama signed a comprehensive health reform, the Patient Protection and Affordable Care Act, into law. The laws and changes mad, focuses on provisions to expand coverage, control care costs, and improve health care delivery system. The first provisions is that all Americans are required to have health insurance by April 2014, or individuals will face penalty charges that can affect them for up to three years. So it is very important for citizens to go to the government market place and apply for insurance that they can afford. According to the Kaiser Foundation; “Those without coverage pay a tax penalty of the greater of $695 per year up to a maximum of three times that amount ($2,085) per family or 2.5% of household income. The penalty will be phased-in according to the following schedule: $95 in 2014, $325 in 2015, and $695 in 2016 for the flat fee or 1.0% of taxable income in 2014, 2.0% of taxable income in 2015, and 2.5% of taxable income in 2016” (Kaiser...

References: Foster, R. (2011). Estimated effect of the Affordable Care Act on total national health spending. Retrieved on March 1st, 2014 from
Kaiser Foundation. (2014). Summary of the affordable care act. Retrieved on February 24, 2014 from
UPMC. (2013). The Pros and Cons of ObamaCare. Retrieved on March 1s, 2014 from
U.S Department of Health & Human Services. (2014). Read the law. Retrieved on February 12th, 2014 from
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