by Maggie Amjad
This is the second installment of my Service Learning Capstone project on Healthcare in the US. The first article examined the history of healthcare in the United States and the rest of findings will be published on HB in Retrospect throughout the spring. This installment analyzes the Affordable Care Act. Look for an analysis of the American Health Care Act next week!
The Affordable Care Act has 3 primary goals:
- Making health insurance affordable to more people by providing consumers from low income households with subsidies to lower costs.
- Expanding the Medicaid program to cover all adults with income below 138% of the federal poverty level.
- Supporting innovative medical care delivery methods designed to lower the costs of health care generally.
It impacts everyone in different ways. For example, those with pre-existing conditions such as asthma, diabetes and cancer, cannot be turned away from insurance agencies making it easier for anyone to receive insurance. Additionally, people with be able to stay on their parents insurance until age 26. This alleviates the burden to obtain health care independently throughout college, graduate school and in early stages of employment. Insurance companies will no longer hold the power to cancel insurance at any point. Finally, the law prohibits health plans from putting annual or lifetime dollar limits on most benefits you receive.
The Affordable Care Act benefits a wide variety of people as it makes insurance more affordable, accessible and regulated. Criticisms include the further socialization of healthcare, or the shift from privatized insurance to public insurance, and the increased the amount of taxes paid by $10 billion. While there is validity to these claims, the ACA truly helps a large portion of the country with a much smaller cost than in the past.