ObamaCare - Patient Protection and Affordable Care Act of 2010


Added on  2019-09-23

6 Pages1281 Words399 Views
ObamaCare - Patient Protection and Affordable Care Act of 2010IntroductionThe ObamaCare or the Patient Protection and Affordable Act of 2010 are the most controversial and prominent topic of discussion in the news today. It was enacted on 23rd March 2010 under the United States healthcare system. This act or law is structured to define the healthcare policy for entire population residing in the United States. This act was formulated and designed to limit the barriers and gaps between public and private insurance systems. The foundation elements of this act are based on employers, which has helped them to restructure the individual insurance market. This policy has helped families with low income to afford this policy by providing more and additional medical benefits in the scheme (Tolbert, 2015). This scheme has also helped thesefamilies to get tax exemptions upon purchasing of these schemes. Page 1 of 6

ObamaCare - Patient Protection and Affordable Care Act of 2010The role of states was clearly defined for its efficient implementation and success rate. They are as follows: -To define parameters that correspond to benefits in individual and small market groups.Tighter restrictions on insurance companies.States can accept or nullify the expansion of Medicaid policy.Benefits, Rights, and Protections under ObamaCare: -Increase in age for young adults to be associated with their parents plan i.e. 26.Putting restrictions on insurance companies as they may charge more fee and fewer benefits.More relaxation while completing insurance applications.The insurance companies cannot increase the rates without any prior notification and serve defined time, till that information gets properly circulated.No gender discrimination.No life time and annual dollar limits.Immediate action over insurance appeals.Easy children’s health care insurance program.More medical facilities with increasing age. Views and PerspectivesThe ObamaCare or the Patient Protection and Affordable Act of 2010 were implemented and brought into regulation as it allows individual to have more access to health benefits. It adopted several new rules and regulations that comply with a modern approach and includes a guarantee and rate restrictions. This helped the individuals to purchase this policy without owing to their Page 2 of 6

ObamaCare - Patient Protection and Affordable Care Act of 2010health status. Under this policy, state-based health insurance marketplaces were created. These marketplaces allowed individuals to buy private insurance that covers the benefits like premium and cost sharing. Another perspective of this act was the construction of marketplaces in every state. However, these marketplaces will not run on their own and will have a common governing body. This insurance (Medicaid) was extended freely for all population, who were below a level of 138% as per federal poverty level (Tolbert, 2015). ChallengesThe enactment and implementation of this policy rely heavily on state law provisions. Another major challenge regarding the enactment of this policy was to fulfill the needs of physicians. It was estimated that 34 million patients would be using this policy for their health and this can compromise with the quality of the healthcare offered by the department of the United States (Anderson, 2014). The state and center don't have a uniform code of conduct and policy regarding the implementation of this act. There is a difference between taxation laws in different states, which has offered different financial and health care benefits to the customers. Critical AnalysisThe policy is unclear regarding the exchange rates, as it was not established under 42 U. S. C. §18031, thereby the eligibility of tax credits are undefined as per the language under “Exchange established by the state” (Jost, 2014). The policy has to be implemented under state laws, but in certain provisions, no state action was taken for implementing, and the state decisions were influenced by others. The policy saw several overlapping support from the democrats and the republicans. Democrats supported it, and the Republicans went against it. This kind of healthcaresystem (ACA) would not have been politically feasible it was an individual mandate of Obama Page 3 of 6

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