So what does the ACA do to help more people obtain health insurance?
extends Medicaid
Medicaid, which aims to provide insurance to low-income Americans, existed in some form since the 1960s initially implemented as a safety net for Americans, Medicaid will be expanded to include more adults. Every state has the opportunity to receive additional federal funding to expand their Medicaid roles to include more families and single adults. Twenty-five states have chosen to accept federal funds to expand Medicaid. While 50 states have chosen to implement the expansion of Medicaid, it would cover about 21.6 million additional non-insured adults.
Removes Blocks pre-existing condition
Previously, adults and children with pre-existing conditions would have difficulty obtaining basic amounts of coverage. Now under the health care reform, insurance companies can not deny coverage based off of a preexisting condition. This rule change could allow more than 129 million people now get health insurance.
Creates fiscal health reform subsidies
To offset the cost of health care, the ACA created tax subsidies for individuals and families earning an income of 133 percent to 400 percent of the federal poverty level. These tax subsidies will provide individuals and families with assistance to pay for health insurance and health care. Most people who are eligible for these tax subsidies will be families that are between $ 47,000 and $ 95,000 are working. Only 62 percent of Americans are now aware that the tax subsidies are available for individuals. This is a problem because 26 million people could be eligible for these grants and a third of them are young adults.
0 Komentar