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The Affordable Care Act made the headlines of the newspaper a lot lately because of its initiatives to revamp the health sector of the United States of America. What is Obama Health Care Reform? “Obama care” is a moniker or sobriquet used for the Patient Protection and Affordable Care Act. The healthcare initiative is considered to be one of the massive health care reforms identified in the United States of America. The bill to be treated as one of the most controversial act since the advent of the Social Security Act, the year 1935. In the United States, the reform executed under the United States Congress. And the plan with due consideration and guidelines from President Obama gathered momentum and achieved prominence in the healthcare sector of the country. Initially, the name “Obama care” was given or provided by the opponents of Obama and the President later embraced the name as per his opinion the name denoted his care and affection for the people of the country as well as for their health. President Obama during his tenure as the President of United States from the year 2009 – 2017 advocated as a patron to successfully establish the health care reform within the country. Due to the advent of Obama care enrollment, more people came under the purview of the ACA insurance policy. The Affordable Care Act’s major provisions went into the field and mainly changed the healthcare and health insurance sector. The primary or the sole objective of the Act was to provide healthcare insurance benefit for every American if not under the coverage of any health care policy. According to specific statistical reports and data interpretation more than 20 million people got enrolled or taken under the aegis of the healthcare bill. And this massive enrollment indeed shaped the medical as well as the health insurance section of the country. Due to the launching of this act, it helped to widen the scope of providing subsidies for the lower and middle-income families of the country; it keeps an eye on the healthcare insurance providers and at the same time taxes higher earners. The healthcare mandate got launched in the year 2010, on March 23.
The Affordable Care Act affected mostly to the Americans not covered with a healthcare insurance plan. And also to those who were not ecstatic with the existing health insurance plan provided by their employer. Essential terminology that is vital to understand the Affordable Care Act. The Affordable Care Act is quite complicated, and it is pertinent to know some concepts or terminologies. “Ten essential health benefit” – Under the purview of ACA, it is binding on the part of the insurance service provider to cover up or to provide health care service on ten essential categories that can be listed below –
i) Providing preventive care and disease management to a patient, that includes a visit to a doctor or a physician, woman health protection and care, medications, dental care, skin care, cholesterol, etc. can effectively prevent ailments if they are detected early.
ii) Expert care for maternity and newborn child.
iii) Rebate on prescribed drugs.
iv) Care for outpatients.
v) Specialist care for patients admitted to a hospital.
vi) Providing emergency room services.
vii) Giving cost-benefit on laboratory and clinical test viii) Providing pediatric care.
ix) To administer behavioral and mental health treatment.
x) To manage services on devices that help people to deal with chronic ailments.
Health Insurance market – The healthcare insurance exchange or health care insurance market generally allows a person to check, compare as well as purchase health insurance plan. Those who did not invest or enrolled for health insurance on stipulated time provided for open enrollment in Obamacare health insurance plan will not be able to have insurance through an exchange. Federal Poverty guidelines– Federal poverty guidelines is a level set by the federal government to check and determine who is thriving in poverty. Obama care health reforms expanded Medicaid plans and programs to those who make 133 per cent or less to that of the federal poverty level. And at the same time, people who make 400 per cent or less to that of federal poverty level tax credit or tax waivers are provided to them.
Some of the necessary and most vital goals that we need to know for the understanding of Obama care enrollment –
iii) To bestow with health insurance service the uninsured Americans.
vii) To reduce healthcare costs for making it much more affordable for the people of America. The legislation suggested lowering the cost of medical expenses and improving and enhances the medical care and facilities in a modern, innovative way. So, it proposed a provision that tried to provide subsidies that lower the household costs with income from 100% to 400% of the federal level of the property.
The Obama health care reform bill is the most significant health care reform in the history of the United States, and also a complicated process to understand. So, to follow the law at a glance let take a look of some important aspect or significance’s of the act-
iii) Obama care enrollment program abolishes any gender discrimination so that not a single entity is forced to stop or drop down their healthcare policy.
vii) Obamacare seeks to protect every separate entity from being dropped or denied care while sick because of a fixed lifetime limit. viii) 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.
iii) Taxes were going up with the advent or launching of the Affordable Care Act. The federal government created a new tax system for the Americans with higher income. However, some expert economists opined that in the long run, the fiscal deficit would no longer prevail. The ACA legislation is subject to change through amendments, and expectation remains that with all its pros and cons the health care reform will progress under the future administration.
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I am authorizing a licensed Health Insurance Agent to review, to submit into a free plan or to refer my Health Insurance enrollment to a qualified entity whenever deemed necessary. I as a customer allow access to my Healthcare.gov or Medicaid accounts to make any updates/uploads as necessary and also to review and advise year to year, using any and all reasonable efforts to ensure that I the customer have a sound decision in my Healthcare plan for the year. I as the customer agree that I qualified for one of the many SEP’s during the year of 2022. (Ex: qualified for unemployment, Covid 19, Etc) I as a customer acknowledge receipt of HIPPA Privacy Information at the time of enrollment. By filling out and providing my personal information and signing, I certify that all of the above information is correct to the best of my knowledge and I give authorization to be enrolled into a free health insurance plan.
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