The Affordable Care Act ( Aca ) - 902 Words

The Affordable Care Act (ACA) has expanded the choices for different populations, across the nation, to apply for health insurance. Under the ACA, it is a requirement that everyone have health insurance that meets the minimum requirements or they will be charged a fee. For unemployed individuals, often times the price of healthcare is concerning. Without an income people may struggle to come up with the necessary funds to pay for a healthcare plan for either themselves or their family. The ACA offers a healthcare marketplace that allows individuals to check their eligibility for affordable healthcare insurance, Medicaid, or the Children’s Health Insurance Program (CHIP). What is important for unemployed people to know, is that the Marketplace’s healthcare plans are based on their estimated yearly income and their household size, not their employment status. Estimated income for unemployed includes any unemployment compensation, the income of all household members, in terest income, capital gains, cash support, alimony, and withdrawals from traditional IRAs and 401ks. Based on this information, the Marketplace will calculate ones eligibility for tax credits and savings on deductibles, copayments, and out of pocket cost. One’s eligibility may also be affected by whether or not one is eligible to enroll in a spouse health insurance plan. If an individual is eligible for an affordable healthcare plan that meets the minimum healthcare requirement they willShow MoreRelatedThe Affordable Care Act ( Aca )956 Words   |  4 PagesAbsract++++++++++++++++++++++++++= The Affordable Care Act (ACA) (also known as â€Å"Obamacare†) is an historic piece of legislation that has had massive effect on healthcare in the United States. Its systemic effects on healthcare in this country are numberous, from insurance to ambulatory care, from healthcare related taxes to healthcare resources, and beyond. That said, the following research paper attempts to summarize how this massive piece of legislation has effected healthcare in the UnitedRead MoreThe Affordable Care Act ( Aca )784 Words   |  4 PagesThe Affordable Care Act (ACA) has been a primary debate topic since it was enacted in 2010. The conservatives completely disagree with the Affordable Care Act and believe that â€Å"Democrats used it as an assertion of power than they used it to improve health care conditions† (â€Å"Republican Views on Health Care†, 2014). They believe that the act was a waste of taxpayer’s dollars and would inevitably ruin our health care syste m. In contrast, the liberals supported the ACA and â€Å"pride themselves on the factRead MoreThe Affordable Care Act ( Aca )1668 Words   |  7 PagesOn March 23,2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into law. This act aims to provide affordable health care coverage for all United States citizens. â€Å"The Affordable Care Act affirms the core principle that everybody should have some basic security when it comes to their health care.† (President Obama) It will provide insurance to more than thirty million people who have been previously uninsured, and will be achieved by expanding Medicaid and extending federal subsidiesRead MoreThe Affordable Care Act ( Aca ) Essay1428 Words   |  6 PagesThe Affordable Care Act (ACA), also known as ObamaCare, is a United States law that was signed by President Barack Obama on March 23, 2010 and upheld by the Supreme Court on June 28, 2012. This Act was set to reform both healthcare and health insuranc e industries in the United States. It aims to lower cost on coverage, add new benefits, and a few new taxes. Increasing the quality, availability, and affordability of private and public health insurance are very important roles of the ACA. While tryingRead MoreThe Affordable Care Act ( Aca )1349 Words   |  6 PagesIn 2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into act to help reform healthcare in the United States. Before and after the act was effective, many people were concerned with how it would affect our country as a whole and on an individual basis. Many people say that the ACA is helping our country and others are not so sure. The goal of the act is to give millions of uninsured Americans access to quality health care and by also making it more affordable. Although thereRead MoreThe Affordable Care Act ( Aca )1279 Words   |  6 PagesThe Affordable Care Act (ACA) is a health reform law that was signed by President Barrack Obama on March 23, 2010. The full name of the law is the Patient Protection and Affordable Care Act (PPACA). One week later the President also signed a law called the Health Care Education and Reconciliation Act (HCERA), which was a supplement that made several changes the PPACA. What the country currently refers to as the ACA or Obamacare is both of these laws combined. (McDonough, 2012) Many AmericansRead MoreThe Affordable Care Act (ACA)1156 Words   |  5 PagesThe Affordable Care Act (ACA) will cause a large influx of patients into the health care system. For a variety of reasons, this will change how the front-line health care personnel provide care. Nurses will expand his or her scope and territory of care. Front line providers will change to include more advanced practice nurses because of the national shortage of primary care providers (Department Of Health And Human Services, 2014). No longer will they just practice in brick and mortar hospitalsRead MoreThe Affordable Care Act ( Aca ) Essay1089 Words   |  5 PagesSince the passage of the Affordable Care Act (ACA) or ‘Obamacare’ in 2010 and its implementation in 2014,there has been a steady decline in the uninsured population of the United States of America. The number of Americans with health insurance, has reached a historic peak. According to recent data from the Census Bureau about he alth insurance coverage, the number of uninsured Americans fell from 33 million the year prior to ACA implementation to 29 million in 2014.The total uninsured rate droppedRead MoreAffordable Care Act ( Aca )1576 Words   |  7 PagesAffordable Care Act (ACA), often known as Obamacare, was signed by President Obama in 2010. The goal of the Act is to increase the number of individuals with health insurance to the point where all Americans are insured by providing quality healthcare at an affordable price. Despite its good intent, the ACA is not as perfect as it may appear. In this paper, I will list the main features of the Act, its pros and cons, and how it affects you as an individual and discuss the King vs. Burwell lawsuitRead MoreThe Affordable Care Act ( Aca )890 Words   |  4 PagesOn March 23, 2010, the Affordable Care Act which is an Obamacare, is the United States federal statute signed into law by President Barack Obama. The Affordable Care Act (ACA) experienced many challenges, debates, and objections until the Supreme Court rendered a final decision on individual mandate healthcare insurance to uphold the health care law on June 28, 2012. The mandate healthcare insurance for workers by employers’ obligation through a regulated marketplace of health maintenance organizations