Impact Obama Care Has Made On US Since 9 Years
Within the nine years since the Affordable Care Act was signed into law, it has affected almost every side of the nation’s health care system.
Hundreds of thousands of Americans have gotten health insurance through the ACA exchanges or Medicaid expansion. Senior residents have saved money on their Medicare protection and prescription drugs. And kids can stay on their parents’ health insurance policy until they turn 26.
People can get free birth control, mammograms, and cholesterol checks. They also get information: The law means many restaurants have needed to post the calorie counts of their menu items. Even the Trump administration is utilizing the landmark health reform to try to lower prescription drug prices.
Obamacare has meant lower premiums, deductibles, and cost-sharing for the roughly 60 million senior citizens and disabled Americans enrolled in the program.
The health reform law made many adjustments to Medicare. It slowed the expansion of payment rates to hospitals and other providers, reduced funds to Medicare Advantage plans, and improved advantages for enrollees. The Obama administration estimated that the typical Medicare beneficiary pays about $700 less in premiums and cost-sharing because of the Affordable Care Act.
Under Obamacare, Medicare enrollees also receive free preventative advantages, such as screenings for breast and colorectal cancer, heart disease, and diabetes.
Obamacare requires that firms with at least 50 employees provide affordable insurance to their staffers who work greater than 30 hours per week.
This mandate did not have a significant impact on the 150 million-plus workers who are insured through their jobs. Most larger employers already offer coverage for full-time workers. Nonetheless, setting the bar at 30 hours per week prompted some employers to extend protection to more of their staff since many firms had considered that threshold to be part-time.