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Wk 1 Health Care Organization And Finance 1

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Nursing
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Affordable Care Act on Healthcare
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AFFORDABLE CARE ACT ON HEALTHCARE 2
Affordable Care Act (ACA) on Healthcare
The designation of ACA was to minimize the expenses of health insurance coverage
for individuals who qualify. The Act, otherwise known as Obamacare, involves cost-sharing
reductions and tax credits to lower costs for lower-income persons. The premium tax credits
lower monthly health insurance bills while cost-sharing reductions reduce costs for copays
and co-insurance. Specific essential health benefits such as lab services, ambulatory patient
services, prescription meds, and maternity care must get covered in ACA-compliant health
insurance plans, including the coverage sold in the marketplace. The ACA requires most
insurance plans for costless coverage to the policyholder's preventive services list such as
immunizations, health screenings, and counseling (Gaffney, & McCormick, 2017). The Act
represented unusual federal power expansion over the economy, particularly the healthcare
industry. All persons must purchase health insurance and be responsible for the associated
penalties upon non-compliance.
Impacts of the Affordable Care Act (ACA) of 2010 on Health Care
Many individuals get expected to acquire health insurance coverage through the ACA
of 2010, while a healthy and reliable workforce will be required to cope with the increased
workload. ACT has a significant impact on the healthcare workforce, facing a critical
shortfall of healthcare workers in the near future. The ACA’s attempts to present the
healthcare professionals shortage are limited. Patients are facing increasingly more wait
times, limited time with caregivers, and decreased patient satisfaction due to shortages of
healthcare workers (Sommers et al., 2017). The healthcare professional staff is facing
increased instability and stress where significant workforce redesign must provide sufficient
quality care to the patients. However, the subsidy facilitates purchasing health insurance
coverage less expensively for the individuals who qualify, while those who do not qualify for
cost subsidies can find the marketplace health insurance coverage expensive. Clients can end

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1 Affordable Care Act on Healthcare Student Name Institution Course/Number Due Date Faculty Name AFFORDABLE CARE ACT ON HEALTHCARE 2 Affordable Care Act (ACA) on Healthcare The designation of ACA was to minimize the expenses of health insurance coverage for individuals who qualify. The Act, otherwise known as Obamacare, involves cost-sharing reductions and tax credits to lower costs for lower-income persons. The premium tax credits lower monthly health insurance bills while cost-sharing reductions reduce costs for copays and co-insurance. Specific essential health benefits such as lab services, ambulatory patient services, prescription meds, and maternity care must get covered in ACA-compliant health insurance plans, including the coverage sold in the marketplace. The ACA requires most insurance plans for costless coverage to the policyholder's preventive services list such as immunizations, health screenings, and counseling (Gaffney, & McCormick, 2017). The Act represented unusual federal power expansion over the economy, particularly the healthcare industry. All persons must purchase health insurance and be responsible for the associated penalties upon non-compliance. Impacts of the Affordable Care Act (ACA) of 2010 on Health Care Many individuals get expected to acquire health insurance coverage through the ACA of 2010, while a healthy and reliable workforce will be required to cope with the increased workload. ACT has a significant impact on the healthcare workforce ...
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