The Patient Protection and Affordable Care Act, also known as PPACA, but commonly called the ACA or “Obamacare,” was signed into law March 23, 2010 by President Barack Obama, and later upheld by the Supreme Court June 28, 2012. The goal of the ACA was to give more Americans access to affordable, quality health insurance and to reduce the growth in U.S. health care spending.
The ACA expands the affordability, quality and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes insurance exchanges and other reforms. This enactment could fundamentally affect the future of health care in the United States. When the law was first put into place, there were many differing opinions on how it would actually affect all aspects of the health care industry, including access to insurance, increased patients being seen by doctors and the financial strain on hospitals and other medical practices. Now that we are more than six years from its inception, we can get an accurate view of how the law has impacted health care thus far.
The availability of health insurance to the American people is the easiest quantitative measure to examine and gauge. It was one of the central reasons for the ACA to be introduced, along with reforming the health care delivery system, so its perception as a success or failure could be directly correlated to whether …
Posted in Triumph Healthcare Finance