Patient Protection and Affordable Care Act (Ppaca)

I. Overview The purpose of this paper is to present a brief overview and timeline of the Patient Protection and Affordable Care Act (PPACA) that was signed into law by President Barack Obama on March 23, 2010 and to discuss its potential impact on healthcare access, costs and quality, and insurance companies. . II. Healthcare Reform Timeline The PPACA includes comprehensive reforms that will take place over the next four years. It is intended to hold insurance companies more accountable, protect consumers, lower health care costs, increase the quality of care and provide more health care choices and improved access for all Americans. Some of the major provisions and their effective dates are outlined in the following sections. A. 2010†¦show more content†¦B. Improving Quality and Lowering Costs The payment incentives provided to healthcare providers under the PPACA will most likely lead to improved healthcare quality. In addition, reimbursement will shift from being based on quantity to being value-based which will in turn incentivize providers to provide higher quality care. Although the Congressional Budget Office reported that the PPACA will reduce the U.S. budget deficit, it is doubtful and remains to be seen what will actually happen. Also, it is anticipated that businesses will pay the fines imposed by the PPACA because it will be cheaper than obtaining insurance coverage for the employees. C. Holding Insurance Companies Accountable A major pro of the PPACA is that it establishes several new rules and controls for insurance companies including requiring that they cannot deny coverage for pre-existing conditions, must spend a certain percentage of premiums collected on actual patient care costs. These new rules provide protection for consumers and ensure insurance companies are held accountable for the care and services provided to patients that are enrolled in their plans. Another major issue that has raised considerable debate and even led to law suits being filed is the constitutionality of the PPACA. Those who oppose healthcare reform argue that it is unconstitutional for Congress to require that every person purchase health insurance. However, the PPACA improves access to healthcare whichShow MoreRelatedThe Patient Protection and Affordable Care Act (PPACA)1660 Words   |  7 Pagesï » ¿The Patient Protection and Affordable Care Act (PPACA) is one of the most substantial reforms in Medicare since 1965. This is now considered the law of the land according to Douglas Holtz-Eaton. The PPACA portrays a â€Å"coverage first† strategy. â€Å"Sadly, a review a of the state’s experience bodes poorly for the future of national reform.† (Point/Counterpoint 177) There are two major driving factors in which could propose a threat for this reform. The first factor is it costs too much. Many decadesRead MoreThe Patient Protection And Affordable Care Act ( Ppaca )978 Words   |  4 Pagesdidn’t have a lot knowledge on the Patient Protection and Affordable Care Act (PPACA). I know that the excuse of not having to rely no public health care is not a reason to be less knowledgeable, but is the truth. I know that I have said before that I’m concerned with health care after the military, but I do have a little time to figure it out. The reading assignment Remaking the American Health Care System was very help in assisting me with understanding the PPACA a little bit more. Even thoughtRead MoreThe Patient Protection Affordable Care Act ( Ppaca )3791 Words   |  16 PagesThe Patient Protection Affordable Care Act (PPACA) is a federal statute that was signed into law on March 23, 2010 by the Obama Administration. PPACA is more com monly referred to as the â€Å"ACA† or â€Å"Obamacare†. â€Å"A primary goal of the ACA was to increase access to health care services, largely through major expansions of state Medicaid programs in 2014 and beyond† (Wilk, 2014). The quest for health care reform began in the early 1900s and has become increasingly more debated throughout the century. TheRead MoreThe Patient Protection And Affordable Care Act ( Ppaca )1905 Words   |  8 Pages There is also transformation in health care and nursing will change from the acute setting into the community setting. The evolving practice is changing from treating of illnesses to wellness and prevention. The 2010 Patient Protection and Affordable Care Act (PPACA) signed in law helped millions of Americans get health insurance,; and thus increased patients seeking health care. Over thirty millions more Americans now have access to equal and affordable health insurance as quoted by Sochalski Read MoreThe Patient Protec tion And Affordable Care Act ( Ppaca )916 Words   |  4 Pages With the establishment of the Patient Protection and Affordable Care Act (PPACA), more and more Americans are able to have access to the healthcare, but roadblocks have occurred in the road to get there. After the signing of the bill into law, about 26 states filed a lawsuit in the setting of a federal court. This was done to challenge the constitutionality of the individual mandate (individuals must possess a minimum level of health insurance or face financial penalties) and the Medicaid expansionRead MoreThe Patient Protection And Affordable Care Act ( Ppaca )1508 Words   |  7 PagesIntroduction The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) or also known as Obamacare is a federal signed statute that was signed into law by President Barack Obama on March 23, 2010 (Secretary, 2015). According to Persad (2015), â€Å"the ACA may be the most important health law statute in American history† (Persad, 2015, pg.119). With the passing of the ACA, the coverage that American citizens now receive is very beneficial since its coverage extendsRead MoreThe Patient Protection And Affordable Care Act ( Ppaca )1869 Words   |  8 PagesProfessor Grant ENC 1101 26 April 2015 ObamaCANT: Healthcare That Can’t Provide For Americans The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act or â€Å"Obamacare,† is a federal law that forever changed America on March 23, 2010. The intention of this law is to provide millions of American citizens who are uninsured or underinsured with reasonable and affordable healthcare coverage. Unfortunately, the law has failed to do so in several ways and has actuallyRead MoreThe Patient Protection And Affordable Care Act ( Ppaca )1968 Words   |  8 PagesThe Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) or, more commonly, Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The law mandates United States citizens to obtain health insurance coverage and businesses of 50 or more full time employees) to provide health insurance to its’ employees. Should you not be covered, a penalty will be imposed. The concept of providing every person in theRead MoreThe Current Patient Protection And Affordable Care Act ( Ppaca )2437 Words   |  10 Pages the American people and the media all have differing opinions on the direction of such a reform. The following is an investigative review of the current Patient Protection and Affordable Care Act (PPACA), which is the latest attempt at reform and the most ambitious healthcare reform in the history of the United States. The core design of PPACA is to ultimately provide universal healthcare to the nation. The present review of literature addresses both the benefits/deficits, implementation and evaluationRead MoreObamacare : The Patient Protection And Affordable Care Act ( Ppaca )1237 Words   |  5 PagesObamaCare, officially known as the Patient Protection and Affordable Care Act (PPACA) but sometimes also referred to as the Affordable Care Act (ACA) for short, reforms the health insurance industry and the American health care system as a w hole. The law brings forth many changes for the American families that make healthcare more affordable and accessible. The law focuses on four aspects of improvements in healthcare for Americans: affordable insurance for individuals and small business owners,