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The Affordable Care Act ( Aca )

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Give a brief history of the ACA, why did it come to be?
The Affordable Care Act (ACA) was created by President Obama back in March 2010 to help reduce healthcare costs and improve healthcare quality for uninsured Americans. The ACA was implemented to reduce the cost that was growing with Medicare and Medicaid because they have increased over the years threatening the entire federal budget (Amadeo, 2017). People who are not working and are unable to cover their healthcare expenses usually end up on Medicaid which is paid for by the government. The others who are over the age of 65 are on Medicare and have their premiums supported by the federal government. However, people who make too much money or who are too young to qualify for either …show more content…

Reforms helped expand access to health insurance coverage become effective. The expansion of health coverage was implemented to help low income families on Medicaid so that they would be able to receive the care they needed. Reyes (2013) mentioned that the expansion of Medicaid is also beneficial for employers because it gives their employees the ready access to health care instead of putting it off which can lead to them having an increase in absenteeism.
Modification of the requirements for electronic health care helps to improve the effectiveness and efficiency. Health Insurance Portability and Accountability Act of 1996 (HIPAA), requires any provider who accepts payment from health plans to have written agreements to make sure the medical facility complies with their rules (Kongstvedt, 2013). In other words, it helps protect the patients by making coverage available to anyone who wants to be covered as long as the eligibility requirements are met. The ACA extended these guarantee availability requirements back in 2014.
There are a numerous amounts of tax provisions that will affect individuals. The federal tax code includes increases in taxes, limits to deductions, tax credits, and tax breaks. Tax increases will affect people who earn a high income and tax credits will affect those with low to mid income. The ACA included a subsidy that will help low income individuals purchase health care

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