The Affordable Care Act Or Aca Is A Federal Statute...

The Affordable Care Act or ACA is a federal statute initiated by President Barack Obama, its intended effects were to supply medical coverage at a low cost to millions of Americans who could not afford access to healthcare. There are a variety of economic and scholarly opinions regarding the ACA’s effect on the healthcare market. Many of these viewpoints have changed over the course of Obama’s presidency as the statute began to affect individuals and the healthcare market. When President Obama was elected to office, he had campaigned on the promise of healthcare reform, and was rallying the government to deliver on that promise. Despite successes in increasing coverage for certain populations in the 1980’s and 1990’s, there was no substantial and sustainable reduction in the number of uninsured. In a speech during a joint session of Congress (2009), and before the signing of the ACA, Obama argued that a high uninsured rate had an impact on the American people, the healthcare system, and the economy. The symptoms of the 1/7 Americans without uninsured in 2008 were: negative impacts on citizens, manifesting in greater financial insecurity, unreasonable barriers to care, general poor health, and preventable deaths; the healthcare system was burdened with billions of dollars in uncompensated care; the labor force became concerned about insurance coverage when seeking education or entrepreneurship. healthcare costs were rising rapidly, from 13 % of the economy devoted toShow MoreRelatedPresident Obama Signed Into Law The Patient Protection And Affordable Care Act3508 Words   |  15 PagesOn March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (ACA), or what has now been dubbed â€Å"Obamacare,† and since then it has come under scrutiny by each political party with both positive and negative thoughts on how well and necessary the law is. The purpose of this paper will be to analyze certain aspects of the ACA and how it has been perceived by both members of the public and members of various political parties. Regardless of how people thinkRead MoreThe Current Patient Protection And Affordable Care Act ( Ppaca )2437 Words   |  10 Pageson radical reform of the fragile healthcare system. Legislators, the American people and the media all have differing opinions on the direction of such a reform. The following is an investigative review of the current Patient Protection and Affordable Care Act (PPACA), which is the latest attempt at reform and the most ambitious healthcare reform in the history of the United States. The core design of PPACA is to ultimately provide universal healthcare to the nation. The present review of literatureRead MoreThe Importance Of Medicaid Expansion And The Affordable Care Act3464 Words   |  14 Pagesrealize the importance of Medicaid expansion and the Affordable Care Act we must first examine the past and how far we have come. The uncertainness of healt hcare insurance has been an uphill battle for decades. During World War I, health insurance became an important public issue in the United States. Between 1915 and 1920, eight states appointed official commissions to investigate the subject. The movement for health insurance was initiated by the American Association for Labor Legislation, which