The Effects of Health Options
Throughout the years, healthcare has played a vital role in our economic system, such as reducing the deficit. Deficit measures are permanent and structural, and a framework is put in place to ensure savings materialize (Crfb.org, 2012). The Congressional Budget Office has proposed a prudent way to reduce the deficit by repealing the Affordable Care Act's insurance coverage provisions. The Affordable Care Act (ACA or "Obamacare") was signed into law by President Barack Obama in 2010. A significant overhaul of the U.S. healthcare system, ACA aims to reduce the amount of uncompensated care the average U.S. family pays for by requiring everyone to have health insurance or pay a tax penalty (eHealth.com, 2020).
The Affordable Care Act has played an essential role in the healthcare system, especially in the hospital setting. One of the primary goals of the Affordable Care Act is to reduce costs by forcing hospitals to provide quality care more efficiently. Also, the ACA mission is to mandate safety-net hospitals to provide care to all patients, regardless of their ability to pay. Safety-net hospitals deliver a quality level of care to low-income patients, including Medicaid enrollees and the uninsured, typically providing services (Dobson et al., 2017). However, to enhance the financial stability of safety-net hospitals could allow hospitals to continue expanding outpatient capacity, strategically ameliorate care coordination, and develop better infrastructure to monitor costs.
In conclusion, the Congressional Budget Office proposal to reduce the deficit safety-net hospitals' gains in reduced uncompensated care and improved overall financial margins could be eliminated in the future. A substantial number of Americans would lose healthcare insurance through Medicaid, Medicare, and other programs. Also, there is an estimation of the number of funds that would reduce the deficit by $1,236 billion if the repeal all insurance coverage provision of the Affordable Care Act health option is approved.
References:
Committee for a Responsible Federal Budget. (2012, October 3). What Works and What Doesn't for Deficit Reduction. Retrieved from Committee for a Responsible Federal Budget
Dobson et al. (2017, November 21). Comparing the Affordable Care Act's Financial Impact on Safety-Net Hospitals in States That Expanded Medicaid and Those That Did Not. Retrieved from Home | Commonwealth Fund
eHealth.com. (2020, February 13). Understanding Obamacare. Retrieved from eHealth is America’s #1 Private Health Insurance Site
Throughout the years, healthcare has played a vital role in our economic system, such as reducing the deficit. Deficit measures are permanent and structural, and a framework is put in place to ensure savings materialize (Crfb.org, 2012). The Congressional Budget Office has proposed a prudent way to reduce the deficit by repealing the Affordable Care Act's insurance coverage provisions. The Affordable Care Act (ACA or "Obamacare") was signed into law by President Barack Obama in 2010. A significant overhaul of the U.S. healthcare system, ACA aims to reduce the amount of uncompensated care the average U.S. family pays for by requiring everyone to have health insurance or pay a tax penalty (eHealth.com, 2020).
The Affordable Care Act has played an essential role in the healthcare system, especially in the hospital setting. One of the primary goals of the Affordable Care Act is to reduce costs by forcing hospitals to provide quality care more efficiently. Also, the ACA mission is to mandate safety-net hospitals to provide care to all patients, regardless of their ability to pay. Safety-net hospitals deliver a quality level of care to low-income patients, including Medicaid enrollees and the uninsured, typically providing services (Dobson et al., 2017). However, to enhance the financial stability of safety-net hospitals could allow hospitals to continue expanding outpatient capacity, strategically ameliorate care coordination, and develop better infrastructure to monitor costs.
In conclusion, the Congressional Budget Office proposal to reduce the deficit safety-net hospitals' gains in reduced uncompensated care and improved overall financial margins could be eliminated in the future. A substantial number of Americans would lose healthcare insurance through Medicaid, Medicare, and other programs. Also, there is an estimation of the number of funds that would reduce the deficit by $1,236 billion if the repeal all insurance coverage provision of the Affordable Care Act health option is approved.
References:
Committee for a Responsible Federal Budget. (2012, October 3). What Works and What Doesn't for Deficit Reduction. Retrieved from Committee for a Responsible Federal Budget
Dobson et al. (2017, November 21). Comparing the Affordable Care Act's Financial Impact on Safety-Net Hospitals in States That Expanded Medicaid and Those That Did Not. Retrieved from Home | Commonwealth Fund
eHealth.com. (2020, February 13). Understanding Obamacare. Retrieved from eHealth is America’s #1 Private Health Insurance Site