Why Can’t The US Agree On Obamacare? Part 1: Facts About The Affordable Care Act
One of the more recent terminologies that we have heard about during the past 5 years is “Obamacare.” Indeed, the word has been bandied around like a ping pong ball going back and forth across the net. The official name for Obamacare is the Patient Protection and Affordable Care Act or PPACA. It goes by other names such as the ACA or healthcare reform. It was signed into law in March of 2010 and was upheld two years later in June of 2012 by the US Supreme Court.
Goal And Intent of Obamacare
So what exactly is the big deal with Obamacare? In order to answer that question, you have to understand the goal and intent of the law. The 3-part goal of the ACA was to:
- expand the affordability, availability, and most importantly, the quality of public and private healthcare insurance by implementing consumer protection legislation, income taxes, insurance exchanges, reforms, regulations, and subsidies
- make affordable, quality healthcare available to every American whether they already have insurance, do not have sufficient insurance, or have no healthcare insurance at all
- reduce healthcare spending growth
In reality, Medicaid and Medicare are not being replaced by Obamacare as it is not a form of healthcare regulation. It does regulate the healthcare industry but it also eliminates and prevents the worst healthcare practices that have been occurring regularly in the for-profit medical industry.
The Current Landscape
From its inception up until now, Obamacare was and still is extremely controversial among the American public, businesses, and numerous politicians in the US Congress. This is due in part to the complexity of the legislation itself. There is also the fact that most of the advantages appear to target uninsured individuals. On the other hand, the disadvantages seem to be accruing against businesses and individuals that are incurring the higher cost of operation and those who pay more taxes.
On a positive note, Obamacare does offer numerous benefits, protections, and rights that were non-existent prior to the passage of the ACA. This includes:
- allowing younger adults to remain on their parents healthcare insurance plan until they have reached 26 years of age
- eliminating annual and/or lifetime limits on healthcare policies
- giving every individual who disagrees with their healthcare insurance company’s decision the right to a fast appeal
- implementing subsidies for healthcare insurance costs
- preventing gender discrimination
- preventing the insurance companies from terminating you if you are sick or terminally ill
- providing access to healthcare coverage for tens or millions of Americans
- requiring all healthcare insurance providers to cover every type of individual, even those with pre-existing conditions
- stopping the insurance companies from terminating anyone who made honest mistakes on their healthcare insurance applications
Another key concern among many Americans regarding the ACA is medication assistance for prescription prices. This is an area of concern for 2 of those groups of individuals mentioned above under the section entitled “Goal and Intent of Obamacare” specifically those people who don’t have healthcare insurance or those who do not have enough of it.
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