Summary of the Various Sections and Laws of The Affordable Care Act.To understand the laws of the Affordable Care Act, first, it is pertinent to understand what the law says and what it is actually? To start with let us first define the bill. Rationale or explanation of the bill or law. The Patient Protection and Affordable Care Act (ACA) mainly focus on the healthcare section or segment in the United States of America. The legislation made radical changes across the country. It helped to reconstruct the total medical set up as well as the fiscal scenario of the United States of America. The law is a chunk or fragment from the Federal Legislation generally used or acted under the pseudonym or nickname of ” Obamacare”. It made a remarkable strike in the health insurance sector of the country. Instead, say that the legislation established a drastic measure throughout the country. The law or the Act got signed on March 23, the year 2010. The whole process of the reform and reconstruction of the law took place under the then President Barak Obama. The bill is a kind of landmark reform that passed under the 111th Congress under the guidelines of Obama. The Act or the legislation includes a long list of provisions, rules and regulations stated mainly with an aim to improve the health scenario of the country. The bill has been segregated or separated into many requirements and chapters, and somewhere it has certain complexities mention in its rules. And while reading or going through the whole act, it becomes difficult to understand the law sometimes. The sole motto of the legislation at a glance The Obama care reform was mainly formed or considered for profoundly changing the health and health-related insurance market of the country. The three main objectives instead say the primary aim of the bill is- i) To reconstruct or reform the private insurance market through which especially individuals and small group purchasers or business owners can effectively become beneficial.
- ii) It focused on changing the overall structure and scenario of the medical and health-related segment of the United States of America.
A glimpse of the provisions states in the Affordable Care Act.The Act focuses on or seeks to curb down and lower the health care cost and ensured that more people could take part or participate in preventive care and healthy medical practices. The law tried to abolish confining practices that were previously observed by insurance service providers. As per the observation of various reports and analysis at the beginning of the year, 2019 Americans will no longer have to cultivate the coverage of their health insurance. Some essential provisions or critical features as stated in the law jotted down below-
- i) An insurance service provider prohibited from cancelling of policies when the holder of an insurance policy falls sick. The bill offers certain protections that make coverage more accessible. The law says insurance coverage must extend to people with a pre-existing condition or a pre-existing illness that may also include pregnancy and that extra charges in such case are not applicable.
- ii) The law provides young adults with more coverage options than earlier.
- iv) Under Obama care, health reform children can also hold health policies under the supervision of their families.
- v) The bill provides preventive care free of cost for the citizens.
- vi) The law essentially gives priority to a policyholder’s choice of doctor.
- ix) The bill remarkably states that insurers can not place a limit on the hospital bills and essential medical requirements.
- x) The legislation provides patients with the right to appeal in front of the law if the insurance provider refuses payment for medical services.
- xi) The bill ensures and includes a provision that highlights the expenditure of premium dollar gained by the insurance service providers on health care services. It further states that insurance companies should spend around eighty-five per cent of revenues earned from premiums in the healthcare sector and essential medical services.
- xv) The legislation caters to preventive care services primarily for the aged persons with a period of 65 years and above. It offers senior citizens a function of no cost sharing and special discount on drugs, generally termed as “donut hole.”