health reform

Topics: Health care, Health insurance, Healthcare reform Pages: 7 (2820 words) Published: January 12, 2014
Introduction
Today there are many Americans without health insurance. This is due to the lack of financial resources they have to pay for the insurance , perhaps due to the unemployment rate and also due to those (younger generation) who choose to opt out of paying for health insurance. Many Americans live day to day hoping they will not get sick. From the results of these rates, President Obama signed the US Health Care Reform into law. The health care reform law encases benefits such as affordability, accessibility, comfort and ease for low income families worrying about going broke if they get sick, health care cost will be capped, and insurance companies will not be able to deny applicants due to pre-existing conditions. Accessibility simply means that insurers would have to expand insurance coverage to all Americans. This means eliminating pre-existing conditions that prevented people from gaining insurance coverage, insuring portability across states, mandating the purchase of insurance coverage, standardizing claims to reduce paperwork and providing benefits and cost information to American people allowing them an opportunity to choose a plan that best fit their needs (Shortell, 2009) Affordability has left uninsured and low income families helpless due to high premiums. The public option is an idea that hopes to establish competition that will drive down insurance premium costs between private insurers (Shortell, 2009). Those who are uninsured or low in income would have their premiums subsidized up to 400% (Shortell, 2009). Employers with more than 50 employees will be forced to provide coverage for all, or they will have to pay fines. It will make health insurers more responsible. For example, health insurance carriers are forbidden from placing lifetime dollar limits on policies, from denying coverage to children because of pre-existing conditions, and from cancelling policies because someone gets sick. It will expand health coverage to all Americans which will make the health care system sustainable, stabilize family budgets, the federal budget, and it will help the economy. This paper will briefly give a history of the health care reform, discuss the Patient Protection and Affordable Care Act, how it will improve the economy, how it affects Medicare/Medicaid programs, and the employer provider health insurance system. Patient Protection and Affordable Care Act (PPACA)

President Obama signed comprehensive health reform, The Patient Protection and Affordable Care Act (PPACA) into law in 2010 and takes effect in 2014. The affordable care act has 3 purposes to it which are (Gruber, 59): 1) Performs the way people get insured. Everyone is going to have the opportunity to get insurance and is not going to have to go bankrupt to get it; 2) You’re going to be required (mandated) to but insurance if affordable. If insurance cost less than 8% of your income, then you have to buy it and if you don’t, your will face tax penalties. If your insurance cost more than 8% of your income, you don’t have to buy it; 3) Financial Assistance will be available to those who can’t afford insurance on their own. Lowest income families will get free public insurance while lower and middle class will get tax credits to offset the high cost of private insurance. It is been said to be a historic event because some past presidents and US citizens have fought to try to pass this bill but it was never accomplished until now. On March 23rd, 2010, this health care reform bill became a law in the United States of America. The following was taken from the website: (http://www.foxnews.com/us/2012/06/28/us-health-care-reform-efforts-through-history/#ixzz2DzYSDNmr) . They briefly describe the timeline of the history behind the reform. 1912: Former President Theodore Roosevelt champions national health insurance as he unsuccessfully tries to ride his progressive Bull Moose Party back to the White House. 1929: Baylor Hospital...

References: Anderson, Gerard and B. Frogner. “Health Spending in OECD Countries: Obtaining Value Per Dollar.” Health Affairs, 2008, 27(6): 1718 – 1727.
Audet, Anne-Marie, M
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