costs
How much was ACA first estimated to cost in 2010?
$940 billion
what does PPACA stand for?
Patient Protection and Affordable Care Act
What is one benefit that was applied for the people 26 and younger?
Those who are 26 and younger can stay under parent's insurance. (less cost, more saving, better future)
What was ACA affect on income tax rate?
It raised the income tax rate
What was the estimated cost of Obamacare in 2012?
$1.76 trillion
Does Obamacare require citizenship?
No it does not.
Who signed the the Affordable Care Act? and When?
President Barrack Obama in March 23, 2010
What is one benefit of ACA?
It makes health insurance affordable by providing subsidies.
What happens if people don't go under Obamacare while applying for insurance?
■The ACA taxed those who didn’t purchase insurance and would get penalty.
How much did expanding Medicaid and CHIP cost?
$931 billion
what is the benefit of Obamacare for those who are 65+?
Subsidies for people 65+ if they’re not eligible for premium-free Medicare
What is the purpose of ACA?
■Affordable Care Act makes healthcare more affordable for all Americans by providing subsidies for low-income families and individuals that allows them to better afford insurance and expanding Medicaid to cover more people and changing the way that health insurance companies determine their rates.
Another benefit?
It Slowed the rise of health care costs
What was one con that hurt the Obamacare and taxpayers?
People chose to pay the tax rather than pay for coverage
How much did small business tax credit cost?
$23 billion
What is the eligibility for Obamacare?
Any age can be eligible for Obamacare as long as they are below the average-income.
what did ACA establish for Americans?
ACA established a marketplace for Americans to compare prices on health insurance products and to also determine their Medicaid eligibility.
What was the result of ACA on Insurance companies?
It prevented insurance companies from abusing their power on people and taking too much money than really needed.
What was the harm on pharmaceutical companies?
■Pharmaceutical companies had to pay extra for closing “doughnut hole” gap.
how much did setting up exchanges for those who couldn't afford insurance cost?
$808 billion
How many health benefits does ACA cover?
It covers 10 essential health benefits
what is a doughnut hole gap?
It is a period of consumer payment for prescription medication costs which lies between the initial coverage limit and the catastrophic-coverage threshold