The Patient Protection and Affordable Care Act establishes a new, voluntary, self-funded long-term care insurance program, the CLASS Independence Benefit Plan, for the purchase of community living assistance services and supports by individuals with functional limitations.
What does the Patient Protection do?
The law provides numerous rights and protections that make health coverage more fair and easy to understand, along with subsidies (through “premium tax credits” and “cost-sharing reductions”) to make it more affordable. The law also expands the Medicaid program to cover more people with low incomes.
Who is covered under the Patient Protection and Affordable Care Act?
In expanding existing coverage, the Act fundamentally restructures Medicaid to cover all citizens and legal U.S. residents with family incomes less than 133% of the federal poverty level (as measured through a new “modified adjusted gross income” test) and to streamline enrollment.
What was the basic goal of the Patient Protection and Affordable Care Act?
The law has 3 primary goals: Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL).
What are the components of the ACA?
Key provisions of the ACA that intend to address rising health costs include providing more oversight of health insurance premiums and practices; emphasizing prevention, primary care and effective treatments; reducing health care fraud and abuse; reducing uncompensated care to prevent a shift onto insurance premium …
Is the Patient Protection and Affordable Care Act still in effect?
At present, Obamacare or the Affordable Healthcare Act is active, although one of its main clauses “the individual mandate” has been abolished at the federal level since 2019. This means that at present, there is no penalty for not buying the health insurance under Obamacare.
What is the popular nickname for the Patient Protection and Affordable Care Act of 2010?
The Patient Protection and Affordable Care Act was signed into law by President Obama on March 23, 2010. It is more commonly known as the Affordable Care Act (ACA) or its nickname, Obamacare.
Which problems would accountable care organizations solve?
Background. Accountable care organizations (ACOs) have been created to improve patient care, enhance population health, and reduce costs. Medicare in particular has focused on ACOs as a primary device to improve quality and reduce costs.
Which of the following is a provision of the Patient Protection and Affordable Care Act?
Which of the following is a provision of the Patient Protection and Affordable Care Act? Insurance companies may not legally deny coverage to anyone on the basis of a preexisting medical condition.
What is the Affordable Care Act in simple terms?
The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that increases health insurance coverage for the uninsured and implements reforms to the health insurance market. This includes many provisions that are consistent with AMA policy and holds the potential for a better health care system.
Has the Affordable Care Act been successful?
The Patient Protection and Affordable Care Act (commonly known as the ACA) was spectacularly successful in expanding health insurance to people previously uncovered, through the insurance exchanges and Medicaid expansion. … First, the good news: We estimate that the ACA saved more than one-half trillion dollars.
Why do we need affordable health care?
By making health coverage more affordable and accessible and thus increasing the number of Americans with coverage, by funding community-based public health and prevention programs, and by supporting research and tracking on key health measures, the ACA is beginning to reduce disparities in health insurance coverage, …
What is the Patient Protection and Affordable Care Act quizlet?
the patient protection and affordable care act was an act proposed by the obama administration in order to expand healthcare coverage and access to all americnas while improve quality and reducing costs. number one cause of bankruptcy. healthcare costs.