The Affordable Care Act: Facts and Fiction
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The paper defines the Patient Protection and Affordable Care Act and points out its key components. The paper then explores the issues involved in this law and its potential for success. The paper finds that while the Patient Protection and Affordable Care Act has lofty goals, it has caused chaos and has a lack of cohesive meaning, application, and understanding. The paper argues that the law is based on untrue assumptions and broken promises; the goal seems to be to enact the law, rather than develop an effective course of action to reform the health care and insurance industries.
From the Paper:"The Congressional Budget Office estimates that 33 million would-be uninsured Americans will be covered by 2022 as a result of the Affordable Care Act. The ACA allows families with a household income of 133% below the federal poverty level (FPL) will be covered by Medicaid - approximately $29,000 for a family of four. Families with an income between 133% and 400% of the poverty line - approximately $88,000 for a family of four - can get tax credits based on a sliding scale to help cover private insurance premiums. Those families making less than 400% of the FPL have caps that vary based on family size and income levels. For example, a family of four making between 150-200% of the FPL will not pay more that 6.3% of their income in premiums, and subsidies would make up the difference. A family of the same size making 300-400% of the FPL will pay no more than 9.5% of their income. The Henry J. Kaiser Family Foundation provides a Subsidy Calculator to determine premium and subsidies based on family size and household income (retrieved from kff.org/interactive/subsidy-calculator/).
"Insurance coverage is considered "affordable" when the premium is less than 8% of the person's annual income. Once the mandate on individuals who can afford health insurance is fully phased-in, a penalty of $695 or 2.5% of their annual income will apply for those who choose not to purchase health insurance coverage."
Sample of Sources Used:
- Branigin, W. & Somashekhar, S. (2013). New problems emerge with health-care Web site; Sebelius acknowledges frustrations, The Washington Post, retrieved from: http://www.washingtonpost.com/politics/kathleen-sebelius-acknowledges-frustrating-problems-with-health-care-web-site/2013/10/30/8cf36c98-415e-11e3-a751-f032898f2dbc_story.html
- Klein, E. (2012). 11 facts about the affordable care act, The Washington Post, retrieved from: http://www.washingtonpost.com/blogs/wonkblog/wp/2012/06/24/11-facts-about-the-affordable-care-act/
- Kliff, S. (2013). Five myths about the affordable care act, The Washington Post, retrieved from: http://www.washingtonpost.com/opinions/five-myths-about-the-affordable-care-act/2013/10/31/120a887c-36b4-11e3-ae46-e4248e75c8ea_story.html
- Young, J. (2013). Health insurance rebates, Huffington Post, retrieved from: http://www.huffingtonpost.com/2013/06/20/health-insurance-rebates_n_3472978.html
Cite this Persuasive Essay:
The Affordable Care Act: Facts and Fiction (2013, November 17) Retrieved July 13, 2020, from https://www.academon.com/persuasive-essay/the-affordable-care-act-facts-and-fiction-153720/
"The Affordable Care Act: Facts and Fiction" 17 November 2013. Web. 13 July. 2020. <https://www.academon.com/persuasive-essay/the-affordable-care-act-facts-and-fiction-153720/>