Introduction
The Affordable Care Act, also known as Obamacare, was signed into law by President Obama in 2010. It is considered the most significant regulatory overhaul of the US healthcare system since the implementation of Medicaid and Medicare acts in 1965 (Medicaid.gov, 2016). The act aims to improve primary physicians and hospitals through financial, clinical, and technological changes. These improvements include better healthcare outcomes, lower medication costs, and increased distribution and accessibility. The main objectives are to expand the quality and affordability of health insurance, reduce healthcare costs for individuals and the government, and decrease the uninsured rate in the US. To achieve these goals, mechanisms such as insurance exchanges, subsidies,and mandates were introduced.
The Affordable Care Act has had a significant impact on insurance coverage, requiring insurance companies to provide cover
...age to all applicants and offer equal rates regardless of sexual orientation or pre-existing conditions. In 2015, changes were made to enhance the effectiveness of this act for individuals. This research paper aims to explain these changes and highlight the benefits they have brought to US citizens.
One important change in 2015 was that beneficiaries were required to enroll, switch plans, or apply for cost assistance between December 15th, 2014 and February 15th, 2015. Additionally, during the open enrollment period in 2015, beneficiaries had the option to change their health plans. Open enrollment is the only time outside of qualifying for a special enrollment period when individuals can make changes to their plans.
Whether you shop on the medical coverage commercial center or not, it's important to note that this is genuine. A significant change in the 2015 ObamaCare policy is that beneficiaries must verify any changes in
their income or living conditions with the marketplace. This verification is necessary in order to make adjustments to their plan. For instance, if someone starts a new job that offers full-time coverage, the employee's cost assistance may be affected. Additionally, if someone experiences an accident resulting in paralysis and job loss, their cost assistance will need to be adjusted to accommodate their current situation.
The new changes to the plan require members to update their information to avoid owing money, taking too much up front, or receiving less financial assistance. These updates are important to both the government and individuals. They help ensure that almost all Americans can access the plan that suits them best and reduce the number of uninsured Americans. Additionally, the changes offer people a wide range of plan options, with now 25 plans available under the act. Regularly updating beneficiaries' information benefits both the government and individuals.
To the government, the changes in the ObamaCare will prevent overpayment to beneficiaries and ensure that they receive the appropriate cost benefits for their plan. This issue of making constant changes in the ObamaCare is significant for both the government and beneficiaries. Increasing the available plans to 25 will provide a wider range of options for different categories of people to choose from (Norris, 2016).
Conclusion
Constantly reviewing the ObamaCare is highly beneficial for both the government and the beneficiaries.
By increasing the number of available plans to 25, the beneficiaries will have a wider range of options to choose from.
References
- Capitol Connector,. (2016). Retrieved 20 February 2016, from http://www.thenationalcouncil.org/capitol-connector/2015/01/five-health-policy-issues-watch-2015/
- Galen Institute,. (2016). 70 Changes to ObamaCare…So
Far. Retrieved 20 February 2016, from http://galen.org/newsletters/changes-to-obamacare-so-far/
The Health Insurance Resource Center can be accessed at https://www.healthinsurance.org/new_york-state-health-insurance-exchange/. It was retrieved on 20 February 2016.
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