The Affordable Care Act has provided almost 30 million Americans with “Healthcare Security”. The ACA is truly designed to provide medically inclusion services for the American People! If you are not a millionaire(s) or billionaire(s), the Affordable Care Act will help all Americans families survive both minor and catastrophic health challenges. “Improve ACA, Yes – Appeal ACA, No and this is why!
Listed below are eighteen (18) Key Provisions of Health Reform that have Taken Effect under the Affordable Care Act _ Key Provisions of Health Reform
1) Small Business Tax Credits – Offers tax credits to small businesses to make employee coverage more affordable. Tax credits of up to 35 percent of premiums will be available to firms that choose to offer coverage. (Beginning in 2014, the small business tax credits will cover 50 percent of premiums.)
2) No Discrimination Against Children with Pre-Existing Conditions – Prohibits new health plans in all markets plus grandfathered group health plans from denying coverage to children with pre?existing conditions. (Beginning in 2014, this prohibition would apply to all persons.)
3) Help for Uninsured American with Pre-Existing Conditions until Exchange is Available (Interim High-Risk Pool) – Provides access to affordable insurance for Americans who are uninsured because of a pre?existing condition through a temporary subsidized high-risk pool.
4) Ends Rescissions – Bans insurance companies from dropping people from coverage when they get sick.
5) Begins to Close the Medicare Part D Donut Hole – Provides a $250 rebate to Medicare beneficiaries who hit the donut hole in 2010.. (Beginning in 2011, institutes a 50 percent discount on prescription drugs in the donut hole; also completely closes the donut hole by 2020.)
6) Free Preventive Care under Medicare – Eliminates co?payments for preventive services and exempts preventive services from deductibles under the Medicare program.
7) Extends Coverage for Young People up to 26th Birthday through Parents’ Insurance – Requires new health plans and certain grandfathered plans to allow young people up to their 26th birthday to remain on their parents’ insurance policy, at the parents’ choice. In saying that, health insurance for married couple may be different and will need to be researched to understand this area better.
8) Help for Early Retirees – Creates a temporary re?insurance program (until the Exchanges are available) to help offset the costs of expensive premiums for employers and retirees for health benefits for retirees age 55?64.
9) Bans Lifetime Limits on Coverage – Prohibits health insurance companies from placing lifetime caps on coverage.
10) Bans Restrictive Annual Limits on Coverage – Tightly restricts the use of annual limits to ensure access to needed care in all new plans and grandfathered group health plans. These tight restrictions will be defined by HHS. (Beginning in 2014, the use of any annual limits would be prohibited for all new plans and grandfathered group health plans.)
11) Free Preventive Care under New Private Plans – Requires new private plans to cover preventive services with no co?payments and with preventive services being exempt from deductibles.
12) New, Independent Appeals Process – Ensures consumers in new plans have access to an effective internal and external appeals process to appeal decisions by their health insurance plan.
13) Ensures Value for Premium Payments – Requires plans in the individual and small group market to spend 80 percent of premium dollars on medical services, and plans in the large group market to spend 85 percent. Insurers that do not meet these thresholds must provide rebates to policyholders.
14) Community Health Centers – Increases funding for Community Health Centers to allow for nearly a doubling of the number of patients seen by the centers over the next 5 years..
15) Increases the Number of Primary Care Practitioners – Provides new investments to increase the number of primary care practitioners, including doctors, nurses, nurse practitioners, and physician assistants.
16) Prohibits Discrimination Based on Salary – Prohibits new group health plans from establishing any eligibility rules for health care coverage that have the effect of discriminating in favor of higher wage employees.
17) Health Insurance Consumer Information – Provides aid to states in establishing offices of health insurance consumer assistance in order to help individuals with the filing of complaints and appeals.
18) Holds Insurance Companies Accountable for Unreasonable Rate Hikes – Creates a grant program to support States in requiring health insurance companies to submit justification for all requested premium increases, and insurance companies with excessive or unjustified premium exchanges may not be able to participate in the new Health Insurance Exchanges.
Americans elected politicians to work on our behalf and for our interest, not for the interest of Big Banks and Wealthy Individuals. We must collectively demand that our political leaders protect the ACA and stay no to the greedy and yes to the need for health insurance..