Patient Protection and Affordable Care Act (2010)
Pranavi Gandham and Juliana Nghiem
What does it do?
Works Cited
The Affordable Care Act is a piece of legislation that attempts to reform the healthcare system by providing more Americans with Affordable Quality Health Insurance and by curbing the growth in healthcare spending in the U.S.
Reforms include
- New benefits
- Rights and protections
- Rules for Insurance Companies
- Taxes/tax breaks
- The creation of committees, education, and new jobs
Background
Obamacare
http://www.opencongress.org/bill/hr3590-111/show
http://www.dpc.senate.gov/healthreformbill/healthbill04.pdf
http://obamacarefacts.com/
- Estimated to cost $848 billion over a 10 year period
- It would expand health care coverage to 31 million uninsured Americans through a combination of cost controls, subsidies and mandates
Passed in the Senate on December 24, 2009
Passed in the house on March 21, 2010
It was signed into law by President Obama on March 23rd, 2010
Upheld in the Supreme Court on June 28, 2012.
Impact and Legacy
- Taxes imposed that are meant to create new government jobs
- Supposedly allows companies to hire more employees and turn more part-time employees into full-time ones
- Extend dependent coverage up to 26 years old
- Eliminate discriminatory practices such as pre-existing condition exclusions.
- Achieving these reforms without increasing health insurance premiums will mean that all Americans must be part of the system and must have coverage.
- Tax credits for individuals and families will ensure that insurance is affordable for everyone.