What were the key components of the Patient Protection and Affordable Care Act?
The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions …
What is the most controversial provision of the Patient Protection and Affordable Care Act?
Individual mandate. The most legally and politically controversial aspect of the ACA, the individual mandate requires Americans to purchase health insurance or face a government penalty, with some exceptions—particularly for low-income individuals who cannot afford to buy insurance [3].
What is Section 1303 of the Affordable Care Act?
Section 1303 of the ACA requires insurers that cover certain abortion services to segregate funds for those services in a separate account, and then use that account to pay for all services for these abortions. The premium attributable to these abortion services cannot be less than $1 per enrollee per month.
What are the major changes contained in the Patient Protection and Affordable Care Act of 2010?
The ACA enacted several insurance reforms, effective in 2010, to accomplish the following: Prohibit lifetime monetary caps on insurance coverage and limit the use of annual caps. Prohibit insurance plans from excluding coverage for children with preexisting conditions.
What is the impact of the Patient Protection and Affordable Care Act?
When fully implemented, the Act will cut the number of uninsured Americans by more than half. The law will result in health insurance coverage for about 94% of the American population, reducing the uninsured by 31 million people, and increasing Medicaid enrollment by 15 million beneficiaries.
What is the maximum income to qualify for affordable care act?
In general, you may be eligible for tax credits to lower your premium if you are single and your annual 2020 income is between $12,490 to $49,960 or if your household income is between $21,330 to $85,320 for a family of three (the lower income limits are higher in states that expanded Medicaid).
Why the Affordable Care Act is unconstitutional?
United States Department of Health and Human Services declared the law unconstitutional in an action brought by 26 states, on the grounds that the individual mandate to purchase insurance exceeds the authority of Congress to regulate interstate commerce.
What are the problems with the ACA?
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the tax increases and higher insurance premiums needed to pay for Obamacare. Some people in the healthcare industry are critical of the additional workload and costs placed on medical providers.
What is the bill number for the Affordable Care Act?
3590 – Patient Protection and Affordable Care Act111th Congress (2009-2010)