The Impact of the Health Reform act of 2010
California College San Diego
Health Care Economics and Policy 432
March 5, 2014
The Impact of the Health Reform Act of 2010
The health care reform act was enacted in order to make health care affordable for everyone and improve the current healthcare system. This is the first major overhaul of the healthcare system since the enactment of Medicare and Medicaid 1965. The Healthcare Reform act, now known as Obama Care, was signed into law on March 23, 2010 and was upheld in the United States Supreme Court on June 28, 2012. How the Health Reform Act Strengthens the Economy
According to the White House Obama Care is proposed to reduce the deficit by $143 billion in the following 10 years following its effective date in March 2010, and by $1.2 Trillion dollars in the next 10 years. Obama care is going to achieve this by having the insurance companies pass a comprehensive health insurance reform. The health insurance reform will eliminate the worst practices of insurance companies, which should reduce healthcare cost and make coverage more affordable for all Americans. By curbing the cost of uncompensated care and ending unwarranted subsidies, health reform will lower the deficit by $1 trillion dollars in the next two decades. The Affordable Care Act (ACA) will improve the quality and affordability of health care, while eliminating the worst of the insurance abuses.
The ACA will improve our economic competiveness by extending coverage to over 34 million Americans, addressing insurance industry abuses, and bending the growth curb of healthcare spending The Obama administration has also developed new initiatives while expanding upon existing successful initiatives in order to build on the successes of the ACA. They are: The Partnerships for patients which prevents patients from getting injured or sicker and...
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