Goals of Affordable Care Act
The primary goal of the Affordable Care Act is to reduce the number of uninsured Americans. It is to be accomplished by :
- By enticing employers to give coverage to their employees in order to get preferential tax treatment and also by pushing individual Americans to buy health insurance to avoid imposition of additional taxes.
- Providing subsidies and tax credits when Health Insurance is not provided by the employer.
- Expanding Medicaid by widening eligibility requirements.
Provisions of Affordable Care Act
- Insurers can no longer deny policy due to pre-existing illness and would need to accept anyone who is willing to purchase the plan.
- The policy is applicable on all plans bought after 23rd March, 2010 irrespective of the health status of the individual.
- Insurance companies can still deny treatment for any ailment that is specifically not covered by the plan.
- The act removes annual and lifetime caps on essential care health benefits.
- The act bans varying premium based on health conditions.
- Parents can enroll their children up to the age of 26 years.
- Preventive care would be made available without any co-payments.
- Medicaid coverage to be extended to those earning up to 133% of the poverty line.