The Good in Obamacare
Most of the nation is not aware of the many advantages of Obamacare. Now that the Supreme Court affirmed the individual mandate, whereby all contribute or pay a penalty, it is clear that Obamacare is the law of the land. The provisions are being rolled out slowly. As each aspect is rolled out, Obamacare will become more popular because it is protective of the American public.What has been defined the term Obamacare, the Patient Protection and Affordable Care Act that was signed on March 23, 2010 into law by President Barack Obama, is a United States federal statute. The PPACA is the main idea of the health care reform legislation of the 111th United States Congress and requires individuals not covered by employer or government-sponsored insurance plans to maintain minimal health insurance coverage or pay a penalty unless for religious beliefs or financial hardship, a provision commonly referred to as the individual mandate.“The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare or the federal health care law, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act, it represents the most significant regulatory overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965.” The PPACA will have a positive impact on the development and adoption of telehealth. The ruling will further accelerate the deployment rate for telemedicine, mHealth and other remote healthcare technologies.
In addition to the individual mandate, the Act also reforms aspects of the private health insurance industry and public health insurance programs by increasing insurance coverage of pre-existing conditions and expanding access to insurance to an additional 30 million Americans. We often hear about how Obamacare will help the uninsured, most of who live in working families but lack access to affordable insurance. Indeed, the law will make health insurance more accessible and affordable for those who don’t have it. Moreover, the Act increases projected national medical spending while reducing the national deficit, slowing health care cost inflation and lowering projected Medicare spending.
The Act’s main focus is to help the over 30 million American’s currently without any health coverage, who are then forced to use emergency rooms as their main service, creating higher costs for everyone. For those who do not have the means to afford health insurance, the Federal government will expand Medicaid coverage by paying the states. Those who do not qualify for the expanded Medicaid will have the option of insurance exchanges by their state so they can afford private health care coverage. One of the biggest provisions in the act states that health insurance companies can no longer deny coverage for pre-existing conditions and can no longer drop anyone from coverage.
“Opponents have called it a "socialist" and "unconstitutional" government takeover of the health care system that will increase the cost of health care and decrease the quality. They say the law will cost more than $2.5 trillion over 10 years and drive the US deeper into debt. Several congressional representatives and special interest groups have initiated attempts to repeal HR 3590”
“Proponents (supporters) of the health care legislation have called it a "historic victory" and "landmark legislation" that reforms the US health care system by reining in health care costs, making healthcare affordable, and protecting consumers from unfair insurance practices. They say the law will reduce the nation's deficit by more than $100 billion by 2020 and by $1 trillion by 2030.”
