Yes For this reason, the Patient Protection and Affordable Care Act has been … Health care reform has led drugmakers and hospital systems to carry out more rigorous cost-benefit value analyses. The article, Pro: Affordable Care Act makes our lives better.This article states how the Affordable Care Act is helping thousands of people who before could not get health insurance, people for example who had pre-existing conditions who could not get insurance or quality health care … The ACA reshaped private insurance in other important ways. What Are the Cons of the Affordable Care Act? Competing interests: I have read the journal's policy and the authors of this manuscript have the following competing interests: ZS is a member of the Editorial Board of PLOS Medicine. The Affordable Care Act (ACA) gives women at every income level better access to health insurance and affordable medical care, according to a recent study. No, Is the Subject Area "Psychological attitudes" applicable to this article? anywhere in the article. The judge in this case ruled that the zeroed-out mandate is unconstitutional—and, moreover, that the mandate is not severable from the rest of the ACA, meaning that the rest of the law would need to fall with it. 6 of 14. People who had previously been unable to obtain insurance because of a preexisting medical condition or low income are now guaranteed access to coverage through a reformed private market for individual policies and the expansion of Medicaid, which in most states is administered by private plans . List of Pros of the Affordable Care Act. 2019-2020 Wharton Alumni Magazine. – Increase in marginal tax rates. • Will more people retire and leave the labor force earlier because insurance costs have gone down? Tel. Another challenge sought to roll back subsidies on the ACA marketplaces. Through subsidies that will help cover the costs, people who cannot afford health insurance will now be able to do … For Some, the Affordable Care Act Is a Lifesaver. Yes Privacy Policy. where my words occur. 4  It does this partly providing insurance for millions and making preventive care free. 1480 Views. pmid:24988300 . It was signed and made into a law in 2010 in the USA. However, Democrats may be reticent to revive that bill, as insurers in many states addressed the cost-sharing reductions issue in a way that made insurance more affordable for subsidized enrollees. On the contrary, healthcare ranked among voters’ most important issues in the 2018 midterms. 1 The Patient Protection and Affordable Care Act (ACA) is prescribed as the ultimate remedy for a chronic market failure in providing adequate access to the health care for about 10 % of the US population and bending the rising cost curve. • Will we be able to demonstrate that providing health care translates to health benefits? President Barack Obama signs the Patient Protection and Affordable Care Act at the White House on March 23, 2010. Pros of the Affordable Care Act Government’s Concern for the common people: Of course, one of the most considerable issues in the world for every government is ensuring the free and affordable health care benefit to the whole nation. Take the experience of two alumni at BD and Valley Health System. Use HealthMarkets’ FitScore® to find and compare individual health insurance plans that meet your needs. PLOS Medicine publishes research and commentary of general interest with clear implications for patient care, public policy or clinical research agendas. The administration and new Congress will need to decide whether to leave the law alone or modify it. Wharton Risk Management and Decision Processes Center. Contact Affiliations. How one alumna's business adapted to 2020 and is planning for success in the new year. The Affordable Care Act (ACA) gives women at every income level better access to health insurance and affordable medical care, according to a recent study. Affiliation Since the Affordable Care Act became law, the uninsured rate has declined by 43%, from 16.0% in 2010 to 9.1% in 2015, primarily because of the law’s reforms. Nine years after its passage in 2010, people are still discussing the Affordable Care Act’s pros and cons. For people needing professional help with a substance abuse disorder – alcoholism, illicit drug addiction, or the misuse of prescription medications – the ACA has helped them in several ways: More people than ever before have insurance coverage—At least 9.5 MILLION previously uninsured people now … The ACA establishes a new direction for the U.S. healthcare system that includes an emphasis on preventive services and primary care. To date, 14 states have declined to expand their Medicaid programs (although this number has gradually decreased in recent years). To assuage insurers’ concerns about enrolling unexpectedly sick (and expensive) populations, the ACA implemented federal protections through three programs: risk corridors, reinsurance, and risk adjustment. by Areeba Hussain / January 28, 2018. However, its survival was also a testament to its legislative durability; the political challenge of withdrawing health benefits shared across different constituencies has thus far been insurmountable, despite lukewarm public opinion on the law. The pandemic has highlighted the industry's need to adopt a longer and more data-informed view about serving the continent. It was signed and made into a law in 2010 in the USA. The Affordable Care Act and the U.S. Economy: A Five-Year Perspective Cathy Schoen FEBRUARY 2016 ABSTRACT Despite fears that the Affordable Care Act’s health coverage expansions and market reforms would cost jobs or accelerate health care inflation, the U.S. economy has grown steadily, if slowly, since the law’s passage in 2010. It may raise the costs of drugs once they passed the fees on to their consumers. The Patient Protection and Affordable Care Act (ACA) expands access to health insurance in the United States, and, to date, an estimated 20 million previously uninsured individuals have gained coverage. The patient protection is one of the most significant concerns that every type of government has been dealing with. Other serious threats to the law’s sustainability have come from the courts. The Affordable Care Act requires insurers to cover people with pre-existing conditions and banned them from charging the sick more. There is concern that the ACA will add up to five or more percentage points to the average marginal labor income tax rate among non-elderly household heads and spouses. Find articles. There's no disputing that technology is changing the way we work. Corresponding author. Learn more. 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