The term Health care reform was associated with the Affordable Care Act which was introduced by the US president Barack Obama in the year 2010, to seek full on reform in the field of health care in the US. The main aim of passing the Obamacare Act was to provide affordable and premium quality health care for all the citizens who previously weren’t entitled to such privilege due to various reasons. By doing so the Act intended to curb the expenditure of an average American citizen in paying their medical bills. Since then this Act is growing at a steady pace incorporating a major chunk of the society into its fold.
A common thing that comes to mind after hearing about health care reform is that why does the American Health Care system needs to be reformed in the first place, as the US is currently the richest among the world. Below are some of the reasons
Timeline
2010:
2012: The law was upheld in the court of justice and sanctioned by the Supreme Court of the United States.
2013: The Act was officially rolled into the Marketplace and citizens were officially allowed to enroll for an insurance plan offered at the Marketplace website.
2014:
2018:
Tax amounting to 40% was imposed on the insurance companies who provide Cadillac insurance plans.
2020:
The loophole in the Medicaid plan will be reintroduced forcing the senior citizens to pay for the prescription drugs once again until they reach the maximum threshold limit.
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