The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions …
What is the goal of the Patient Protection and Affordable Care Act Ppaca quizlet?
The ACA was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government.
What is the goal of the Patient Protection and Affordable Care Act Ppaca )?
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).
Which goals are part of the Patient Protection and Affordable Care Act ACA which was passed in 2010?
The Patient Protection and Affordable Care Act (ACA) has two main goals: (1) to make health care coverage more available, affordable, and acceptable and (2) to slow the growth of health care costs in the U.S.
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.
Which of the following was a provision of the Patient Protection and Affordable Care Act?
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 …
Which was an effect of the Affordable Care Act quizlet?
An act enacted to increase the quality and affordability of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government. It introduced mechanisms like mandates, subsidies, and insurance exchanges.
Was the Affordable Care Act 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.
What are the goals of Ppaca?
The goals of the PPACA are to ensure more people have health insurance, reduce the cost of health care, and improve how patients get care. The final modified version of the law is referred to simply as the Affordable Care Act or “Obamacare.”
What the Affordable Care Act did?
It was designed to extend health coverage to millions of uninsured Americans. The act expanded Medicaid eligibility, created a Health Insurance Marketplace, prevented insurance companies from denying coverage due to pre-existing conditions, and required plans to cover a list of essential health benefits.
What are 2 components of the Affordable Care Act?
The law addresses health insurance coverage, health care costs, and preventive care. The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 and was amended by the Health Care and Education Reconciliation Act on March 30, 2010.
What are the four major components of the Affordable Care Act?
INCREASING ACCESS TO AFFORDABLE CARE
- Providing Access to Insurance for Uninsured Americans with Pre-Existing Conditions. …
- Extending Coverage for Young Adults. …
- Expanding Coverage for Early Retirees. …
- Rebuilding the Primary Care Workforce. …
- Holding Insurance Companies Accountable for Unreasonable Rate Hikes.
What are the changes to the Affordable Care Act?
The new law extends ACA premium subsidies to higher-income people who did not previously qualify (for 2021 and 2022); increases ACA premium subsidies for lower-income people who already qualify (for 2021 and 2022); offers maximal subsidies to those who receive unemployment benefits (for 2021); and prevents individuals …