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Influencing Nursing Policy

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Running head: INFLUENCING NURSING POLICY 1

Influencing Nursing Policy

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INFLUENCING NURSING POLICY 2

Influencing Nursing Policy

For years, the unemployed and the low-income earners in the American population faced

challenges in accessing quality and affordable health care. Worse still, as time progressed,

healthcare costs rose over the roof, hindering most United States citizens from seeking medical

services. Fortunately, the Affordable Care Act (ACA) legislation in 2010 caused significant

amendments in the medical field (Blumenthal et al., 2015). Often identified as Obamacare, the

ACA aimed to promote health care quality and deliver affordable medical coverage for all

citizens, including the uninsured. Elements of the ACA such as Medicaid eligibility, cost-sharing

reductions, premium tax credits, and health insurance plans positively improve health care

outcomes and reduce costs. This paper seeks to discuss the components of Obamacare that affect

medical care outcomes and medical costs positively.

Cost-sharing reductions subsidy is a necessary provision included in the ACA.

Essentially, cost-sharing reductions function as federal subsidies meant to assist individuals by

reducing their out-of-pocket expenses when catering to healthcare costs (French et al., 2016).

Once individuals apply for medical insurance through the ACA Health Insurance Marketplace,

they are eligible for the cost-sharing reduction subsidy. Qualified individuals receive discounts to

assist them by lowering direct costs such as deductibles, copayments, and coinsurance. With

cost-sharing reductions decreasing annual plan limits, the provision effectively lowers health

care costs.

An additional fundamental feature of Obamacare is the advanced premium tax credits.

When people purchase medical insurance on the ACA Marketplace, this component reduces

individuals' pay for monthly health insurance premiums. The government calculates the credits

and sends them to medical insurance firms to insure eligible individuals. Every qualified

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Running head: INFLUENCING NURSING POLICY Influencing Nursing Policy Name of the student Institutional affiliation Course Instructor Date 1 INFLUENCING NURSING POLICY 2 Influencing Nursing Policy For years, the unemployed and the low-income earners in the American population faced challenges in accessing quality and affordable health care. Worse still, as time progressed, healthcare costs rose over the roof, hindering most United States citizens from seeking medical services. Fortunately, the Affordable Care Act (ACA) legislation in 2010 caused significant amendments in the medical field (Blumenthal et al., 2015). Often identified as Obamacare, the ACA aimed to promote health care quality and deliver affordable medical coverage for all citizens, including the uninsured. Elements of the ACA such as Medicaid eligibility, cost-sharing reductions, premium tax credits, and health insurance plans positively improve health care outcomes and reduce costs. This paper seeks to discuss the components of Obamacare that affect medical care outcomes and medical costs positively. Cost-sharing reductions subsidy is a necessary provision included in the ACA. Essentially, cost-sharing reduction ...
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Tags: affordable care act american population lowincome earners