Question

Pick two most important aspects of Obamacare. Are you in favor of these changes? Opposed? Explain why you selected the provisions of the Act you did, and give your rationale for your decision.

Answer 1

Ans) The Patient Protection and Affordable Care Act (ACA) has revolutionized the health insurance industry in a number of ways. Its impacts have been vast and wide.

- One of the most significant impacts of the landmark legislation is the upward trajectory of premiums, deductibles, and out-of-pocket costs, especially with plans sold on the health insurance exchanges.

- Many of the ACA provisions have led health payers to spend more on covering medical services among the sickest populations while hospitals and emergency care providers no longer have to manage nearly as much uncompensated care due to Medicaid expansion and the individual mandate.

- However, payers have created narrow provider networks to account for elevated spending, which are causing issues regarding referrals among physicians. Consumers are also faced with higher insurance rates than before.