Affordable Care Act Essay

  • Length: 6 pages
  • Sources: 6
  • Subject: Health
  • Type: Essay
  • Paper: #93240039

Excerpt from Essay :

Affordable Care Act (ACA)

• Differentiate between at least three groups of stakeholders impacted by the ACA.

Obamacare or the ACA (Affordable Care Act) was primarily designed and put into effect in the year 2010 with an objective of offering better healthcare insurance coverage for the American people and minimize the heavy costs incurred by the American people to access healthcare (Thompson, 2014). Although ACA has achieved sizeable success in coverage there are still many challenges facing it including slow adoption across America, funding problems and problems getting the support of the public (Center for Public Impact, 2017). The main stakeholders of ACA include the healthcare providers, healthcare consumers, employers, and the States.

Consumers: Healthcare consumers in America details about 55% Americans who have healthcare insurance cover through the employer. 33% Americans have healthcare insurance cover through government program. These people may not be impacted by the variations and tides in the healthcare insurance coverage (HCC, 2013). The estimates from the CBO (Congressional Budget Office) revealed that the nonelderly people without insurance would decrease by 26 million from the initial 55 million uninsured in the year 2013 to 29 million uninsured in the year 2017 (HCC, 2013). Borrowing from the CBO prediction it is expected that much marketing and publicity on health insurance with the objective of getting to the young population will be done. Notwithstanding the great expectation the performance of ACA has been mixed (Collins & Saylor, 2018). Increase in the level of premiums and public controversy owing to the mismanagement of expectations and political issues have adversely affected the performance of ACA (Center for Public Impact, 2017).

Evidence exists to the effect that ACA has enhanced healthcare insurance access for about 20 million people. This is not what was expected. The objective was to alleviate the number of uninsured people to 22 million and from 50 million (Center for Public Impact, 2017). The enrollment of ACA in the marketplace has been wanting. CBO estimates showed that approx. 21 million Americans would get enrolled into the program. According to current estimates only approx. 9.4 million to 11.4 million Americans have been enrolled into the program (Center for Public Impact, 2017). According to the majority opinion from the public the impact of ACA was not fully beneficial. A 2015 inquiry revealed that 54% Americans thought that this healthcare law had no effect on their family to the point of the inquiry (Center for Public Impact, 2017).

Moreover 26% of Americans thought that ACA had had some negative personal impact on them. 19% thought that ACA had impacted them positively. Other Americans opposed to the ACA thought that it had undesirable consequences such as higher insurance premiums in the States of Minnesota and Wisconsin (Center for Public Impact, 2017). State regulators in Wisconsin made an announcement that insurance premiums would go up by approx. 15.88%. Other health insurance plans would see the premiums go up by approx. 30.37%. Some large insurance companies stopped providing healthcare insurance through Obamacare exchange in the State of Wisconsin (Center for Public Impact, 2017). The commercial world has also perceived some the insurance negatively. Most plans for small groups…

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…premiums allowed. The variation in the health insurance plan is made up of cost sharing size including provider network scope and deductibles.

• Summarize benefits of the ACA on each group of stakeholders.

Consumers: To a certain level ACA has enhanced coverage although increased premium levels and controversy presented by mismanaged expectations and political turmoil has taken a toll on ACA.

Employers: According to Abraham and Royalty (2017) there are no real benefits for the employer that can be written home about because of the increasing premiums and obligations on the employers shoulder to provide insurance for employees working for more than 30 hours each week.

Providers: A larger clientele has expanded the pool of resources that insurance providers are working with.

• Summarize drawbacks of the ACA on each group of stakeholders.

Consumers: Higher premiums, inability to pay premiums, and political controversy are the major drawbacks with ACA. The new laws were expected to make healthcare affordable but so far that has not been visible.

Employers: The employer may have to pay more premiums if they have more than 50 employees working for them for more than 30 hours every week. This means that the expenses on each employee may increase.

Providers: The growth of the number of people taking advantage of the ACA to enroll for the insurance program and visit hospitals for treatment has suddenly shot up. This means that the reimbursement requirements have increased, therefore, forcing the providers to raise their premiums. The new ACA rules have also forced the providers to reduce the…

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