The Affordable Care Act Reducing Competition - 885 Words

How the Affordable Care Act Is Reducing Competition The Affordable Care Act was created to assure all Americans have access to affordable insurance, but as stated by Sir Isaac Newton for every action there’s an equal and opposite reaction. As more and more people become insured in this country, the for-profit insurance companies are reaping the benefits from the legislation of the Affordable Care Act. The creators of the Affordable Care Act inexcusably anticipated that new kinds of health plans, designed in our nation’s capital, would emerge to displace the national for-profit insurers.(Gottlieb, 2015, para. 3) Two inventions were engineered to help guide the Affordable Care Act in favor of the consumers. The first invention of Obama care was not-for-profit â€Å"co-ops† plan that Obama Care funded with almost $2.5 million in grants.(Gottlieb, 2015, para. 3) The vast majority of co-ops have failed or are failing miserably due to poor planning and compromised structural integrity. The co-ops have been more of a financial burden rather than bringing solidity to our health care system. During the last half of 2014 the Health and Human Services Department had to rescue six co-ops with $356 million in emergency funding.(Gottlieb, 2015, para. 6) The second invention of Obama Care was the consolidation of hospital systems of epic proportions; they would be able to market their risk-bearing health insurance directly to patients.(Gottlieb, 2015, para. 7) During all theseShow MoreRelatedHealthcare Policy Analysis Essay1292 Words   |  6 Pageshappening!We get to manage our own health care .Our issues with Healthcare and insurance is finally looking up in a positive way .Finding a doctor wont be such a hassle nor will it be someone else telling you who you have to pick . Insurance wont be so high and even has made it possible to carry insurance without it breaking our pockets each month .This new way of insurance marketing is a great idea . I feel this will save our pockets and cost of health care can finally go down .The facts are exceptionalRead MoreFree Market Reform And Affordable Care Act1409 Words   |  6 Pagesthemselves unable to pay the hefty sum, it takes to take care of themselves. There are two types of markets t hat could potentially solve America’s health insurance dilemma. These market reforms are called perfect competition or free market reform, and Affordable Care Act. Free market healthcare reform is proposed solution to healthcare aimed at reducing demand for high cost primary healthcare services, increasing supply in the health care market, and lowering market transaction costs. Utilizing aRead MoreA Brief Note On The Affordable Care Act1179 Words   |  5 PagesThe Affordable Care Act was a result of the rising cost of health care, lack of access for health care and a need to creating competition and increase quality of care. The Patient Protection and Affordable Care Act was designed to provide health coverage for all Americans, eliminate pre-existing, provide coverage for children until the age of 26, all health insurance companies must utilize plain language and easy-to-understand summary of benefits, curb insurance cancellations, allow for appealsRead MoreEssay On Health Care1446 Words   |  6 Pagesthe Right Way Debate over the U.S. healthcare reform law – the Affordable Care Act (ACA) or Obamacare – have raged for almost a decade, with new fury now in the â€Å"repeal and replace† initiatives of the Trump administration (Berwick). The act is complex, the more so because its provisions build on an already tortuous non-system of financing and delivering care to the people of the U.S. (Berwick). Providing Americans with â€Å"affordable healthcare† is still lacking, therefore the U.S. health sector qualifiesRead MoreImproving The Patient Protection And Affordable Care Act 20101206 Words   |  5 Pagesgovernment. The USA aims at attaining three forms of healthcare systems namely: single-payer, individual insurance mandates and consumer-driven health. This research will focus on the Patient Protection and Affordable Care Act 2010 which focuses on ensuring that health care is easily accessible and affordable to all individuals. The USA is said to have an estimated population of, 320, 473, 656 people thus spending about 2.5 Trillion on the healthcare system which is an estimated eight thousand US dollarsRead MoreAnalysis Of The Affordable Care Act810 Words   |  4 Pages The title of the article found in the latest releases of the Kaiser Family Foundation website is Ten Ways That the House American Health Care Act Could Affect Women. This article breaks down the new American Health Care Act (AHCA) and compares it to the Affordable Care Act (ACA), with a special emphasis on the impact on women. The ten points discussed in the article are as follows: â€Å"Medicaid eligibility, capping federal Medicaid and Planned Parenthood, abortion coverage, tax credits, premium andRead MoreCompetition Of The Health Care1446 Words   |  6 Pages Competition in Health Care Tiffany Wheeler HCA 421 Fran Steel August 29, 2016 â€Æ' Competition in Health Care As in all business types, there is always competition between similar companies. The health care industry is no different and in fact, competition has been considered a health way to draw interest to an organization. To quote James Cash Penney (n.d.), A merchant who approaches business with the idea of serving the public well has nothing to fear from the competition. The better equippedRead MoreThe United States Healthcare System1683 Words   |  7 Pagesendured from inadequate access to both preventative and clinical care.2-3 Relatively, most rural communities does not have fully equipped health centers that can care for emergency situations; community members make long trip to the city hospital in other to access emergency care.1-2 People with lower socio-economic status tend to have high disease rates which results in more health needs and, yet they have limited access to quality care due to high cost.3 The impact of the uneven healthcare accessRead MorePatient Protection and Affordable Care Act1445 Words   |  6 PagesPatient Protection and Affordable Care Act The Patient Protection and Affordable Care Act (PPACA) signed into law by president Obama on March 23, 2010 is arguably the most extensive reform of health care law ever to be enacted in the U.S. It will impact the way professionals practice health care, the way insurance companies handle health care as a product, and the way consumers purchase and use health care as a service. The Affordable Health Care Act is primarily aimed at reducing the number of uninsuredRead MoreThe Affordable Care Act : Mnsure ( State Of Minnesota )1058 Words   |  5 PagesMinnesota Health Insurance Exchange (MNsure) John Huddle 2 November 2015 Project: The Affordable Care Act – MNsure (State of Minnesota) Type: IT (Information Technology) Introduction In March 2010, the US President Barack Obama signed the Affordable Care Act (ACA) into the law which was proposed to provide health insurance services to more American peoples by reducing health costs. The Affordable Care Act endorsed states to set up health insurance â€Å"exchanges† to register people in insurance programs