Submitted by: Submitted by Donna9851
Views: 286
Words: 1665
Pages: 7
Category: Business and Industry
Date Submitted: 01/16/2014 04:17 AM
HCM630
IP#3
Donna Rothmann-Ranels
American Intercontinental University
November 14, 2013
Abstract
This paper will discuss the major weaknesses of the Affordable Care Act also known as Obamacare. The new law was passed in 2010 and many Americans are dissatisfied with the new components of the plan.
Introduction
Obamacare is the Patient Protection and Affordable Care Act of 2010 (Amadeo, n.d.). The main part of this Act requires that all American have health insurance by 2014 or they will be subject to a tax. If you sign up by December 15, 2013, your coverage will start on January 1, 2014. If you do not have insurance by March 31, 2014 you will be subject to a 1% tax of your income.
If you already have insurance you can keep it if it was in existence before March 23, 2010 and it meets the minimum requirements necessary. Also your employer can keep their plan. The most important part of The Affordable Care Act is that no one can be turned down for insurance because they have a pre-existing condition (Hamblin, 2013). Also people will not be expected to pay more insurance because of pre-existing conditions. Children must be covered under their parents plan until the age of 26 (Amado, n.d.). People who can not afford insurance will be covered under Medicaid.
An advantage of the Affordable Care Act is that it will lower costs by making insurance more affordable for more people (Amado, n.d.). Another advantage is that insurance is provided more fairly. Before this new law only people who fell into four categories could afford health insurance. If you couldn’t afford it, then the hospital would have to pick up the cost or the patient would be forced to declare bankruptcy.
Weaknesses from a patient’s perspective
A major weakness of The Affordable Care Act will be a shortage of...