The Affordable Care Act, more commonly known as Obamacare, was put in place to make health insurance more readily available and cost-effective for Americans, while also prohibiting insurers from denying coverage due to preexisting conditions.
Millions of people depend on the Affordable Care Act for health care needs, either via Medicare or the marketplaces of ACA. Unfortunately, public opinion on its implementation remains divided along partisan lines.
What's your opinion of the affordable care act aca or obamacare?
Affectionately known as Obamacare, the Affordable Care Act (ACA) is a complicated piece of legislation which has revolutionized America’s healthcare system. While not everyone understands all its provisions, most can agree on certain aspects of it.
One of the hallmarks of the Affordable Care Act (ACA) is that it prevents insurance companies from denying coverage to people with preexisting conditions. Furthermore, all policies must cover an essential health benefits list and state/multistate exchanges make shopping for coverage simpler; additionally premium tax credits are provided for low-income individuals, lifetime monetary caps are banned and review procedures established when annual caps increase or rate increases occur.
A key provision of the Affordable Care Act (ACA) requires insurance companies to use at least 80 percent of premiums paid toward medical costs and quality improvements, which allows insurers to spend less money in claims payments, offering more cost-effective plans at more competitive prices. Furthermore, the ACA covers many screening and preventive services which can save lives by detecting problems before they become serious; and mandates all Americans have coverage or pay a tax penalty penalty.
What's your opinion of the aca?
The Affordable Care Act, or Obamacare, revolutionized the American health insurance market. It required health insurers to offer more coverage options; prohibit them from denying coverage due to preexisting conditions; and dedicate 80 percent of premiums towards medical costs rather than administrative expenses. Furthermore, exchanges were established where individuals could purchase health coverage directly.
Many Americans have seen considerable gains thanks to the changes brought about by the ACA. Millions have gained access to healthcare coverage they previously didn’t have and costs associated with uncompensated care have decreased significantly for both individuals and families alike.
Although the Affordable Care Act has proven itself successful, its success has not come without criticism. President Donald Trump pledged during the 2016 campaign to repeal it; and since election day, several Republican leaders have indicated they may revisit health reform efforts.
Even amid these threats, most Americans support maintaining the Affordable Care Act. According to a KFF Health Tracking Poll conducted earlier this month, most Democrats, Republicans, and independents believe it is very important that its protections for people with preexisting conditions, allowing young adults to stay on their parents’ insurance until age 26, and restricting insurers from setting annual or lifetime limits remain in place.
What's your opinion of the obamacare?
The Affordable Care Act, commonly known as Obamacare, was signed into law in March 2010. It established comprehensive reforms designed to expand access to health insurance coverage while protecting consumers from abusive practices by insurance companies. For instance, large employers are now required to offer health coverage to their workers under Obamacare; Medicaid expansion in certain states; state and federally run insurance exchanges where individuals can buy affordable private policies directly. Furthermore, insurers cannot deny coverage or charge higher premiums for people with preexisting medical conditions while annual and lifetime caps on benefits have also been eliminated or limited under Obamacare.
The Affordable Care Act allows individuals to deduct health expenses from their taxes and requires health plans to spend at least 80 percent of premiums on actual medical costs rather than overhead and marketing. Unfortunately, however, critics of the ACA claim it has raised costs for some Americans while many individuals have reported having difficulty complying with its individual mandate.
According to a Morning Consult poll, more than half of respondents felt the Affordable Care Act had negatively impacted their family finances or health in some way. One in five adults say it has made it more difficult to afford or obtain health coverage; small percentages say it has caused coverage to become unavailable altogether.
