Can you make any comments about this post, if you agree or dissagree? The 2010 f
ID: 387467 • Letter: C
Question
Can you make any comments about this post, if you agree or dissagree?
The 2010 federal public law, known as the Affordable Care Act, is an active U.S. health policy that, if ran through the modification phase again, would definitely undergo changes and alterations to help payers and providers make the best of this complex legislation. The ACA has significantly alleviated healthcare disparities among U.S. citizens reducing the uninsured rate to about 8.6%, but the state and federal insurance exchanges have not made payers happy. Prior to the passing of the ACA, payers could refuse coverage of patients with existing medical conditions and complex needs; however, under the ACA, payers are not entitled to charge higher premiums to such patients, leading some companies to incur losses on paying for their care. While this is undoubtedly a positive development for patients, it presents an issue for payers. Healthcare payers should therefore develop alternatives to improve profitability, while ensuring a high quality experience for ACA consumers. A suggestion for such case would be to improve state regulation of network. States could adopt, or amend existing, legislation to ensure that insurer networks are adequate and nondiscriminatory. Having such control over networks is one approach to controlling health care costs and ensuring provider quality.
Explanation / Answer
The affordable health care act of 2010 also known as patient protection plan and Obama care will improve the overall welfare of the people and make health care facilities more accessible and economical to all. It offered many advantages to the people some of those are as follows:
I disagree that insurance companies will face a loss of over a period of time they can benefit by taking the following measures.
The insurance companies though initially felt the brunt and faced a loss-making scenario can make profits by providing insurance covers to more young people by adding children to parents health acre cover. The young people will rarely use their covers, as they are healthy and will pay premiums, which will improve the insurance company’s bottom line. Many more of the prescription costs are covered for Medicare recipients. This will encourage preventive care and avoid emergency room visits. The average room visit which costs $ 1265 on an average will be saved and health care costs will reduce.
The premiums will also decrease over a period of time due to saving in overall health acre spends due to preventive care.
Further, I agree that the states can play a critical role in seamless covers are provided and the network of insurers are non-discriminatory. These measures and any new state regulations will improve the quality of healthcare and definitely control the overall costs.