Jul 17, 20 in this animated video, the youtoons get ready for obamacare and explore health insurance changes under the affordable care act. Have qualifying health insurance coverage for each month of the year. Obamacare, more formally known as the patient protection and affordable care act, has been extremely controversial since its inception. The patient protection and affordable care act detailed. Have an exemption from the requirement to have coverage. The patient protection and affordable care act of 2010 is so complicated that it was phased in over five years. How the affordable care act pays for insurance subsidies. Lets have a look at what the aca means for individuals, families, and businesses. You look around the country right now, there are more alternative payment arrangements, meeting things like a carnival care organizations patients centered medical homes those kinds of arrangements in place. The affordable care act is a long, complex piece of legislation that attempts to reform the healthcare system. Heres how it affects your family and people you know.
Mar 23, 2016 march 24, 2015 fifth anniversary of the affordable care act. The legislation is more than 2,000 pages and its crammed with new benefits, rules, penalties and projects, spread out over years. Affordable care act what to expect when filing your tax. If you applied for insurance through the marketplace for 2017, it is recommended that you reenroll. Topics included the number of enrollments on healthcare. Sep 28, 2017 many people are looking to have the affordable care act explained to them in a simple, straightforward way.
Frankblog provides business owners with information and tips on a wide range of topics. Mar 30, 2014 tony carrk talked about the march 31, 2014, deadline for signing up for the affordable care acts online health insurance exchanges. The affordable care act aca is the most farreaching legislation of this generation. The congressional budget office cbo has determined that the. Learn about the affordable care act obamacare, including benefits, costs, coverage, financial assistance, and much more. What people call obamacare is actually the patient protection and affordable care act. Oct 11, 2011 the affordable care act will change the way many of americans receive and health care in the united states.
Since the supreme court ruling on the affordable care act in june, many people have taken a. The affordable care act is one of the most polarizing and least understood laws in the nation. The act aimed to provide affordable health insurance coverage for all americans. The law along with the health care and education reconciliation act of 2010 is the principal health care reform. It provides more americans with affordable quality health insurance and attempts to curb the growth in healthcare spending in the u. If the affordable care act succeeds as i think it should be able to, its going to need some additional pushes along the way in the next few years, well actually if it controls healthcare inflation and gets us to gdp plus zero, it will achieve several really important goals for the rest of the country. Our affordable care act summary breaks down obamacare section by section. How do we create a health care system that includes every citizen and improves health outcomes while controlling costs. Browse our collection of affordable care act information for news stories, slideshows, opinion pieces and related videos posted on.
The patient protection and affordable care act will improve the quality and efficiency of u. Its no longer doctors practicing what i would call reactive medicine where you come in with problem in hand and the doctor tries to fix problem. Every title and every section of the affordable care act is packed with details even the condensed version of the law is about pages long. The affordable care act allows insurers to charge older people up to three times more than younger people for policies. The affordable care act summary will give the most factual representation of the law by summarizing each of the act s 10 titles. The health care law, sometimes known as obamacare, was signed march 23, 2010. Affordable health care act explainedobamacare facts. Opinions are strong about the affordable care act, but not everyone understands what the nearly 1,000page law does. How can the affordable care act help control government. Myaca share your affordable care act experience the goal of this website is to help illustrate to americans, how the affordable care act, a very complex piece of legislation, is now unfortunately being used by both republicans and democrats as a means to sway voters in the coming midterm election. In this webinar, tara straw, senior health policy analyst at cbpp, provides an overview of the affordable care act aca and discusses the requirements to have coverage, including who it applies to, what coverage meets the minimum requirements, and how to account for insurance coverage on the tax return. The affordable care act will change the way many of americans receive and health care in the united states. Paul haidet at penn sate hershey medical center explains that there is a new focus on prevention under the affordable care act.
Make an individual shared responsibility payment when filing federal income tax return. Sep 24, 20 learn about the affordable care act obamacare, including benefits, costs, coverage, financial assistance, and much more. Share our these videos with your friends to help them get a better understanding of the new health care reform law. How does an insurance company feel about the affordable care act. We tap into the best subject matter experts to help you in the areas that are important to your business like. The affordable care act calls for all taxpayers to do at least one of three things. Jun 25, 2019 the patient protection and affordable care act of 2010 is so complicated that it was phased in over five years. We know you have lots of questions and were here to help with plenty of answers. The act has been picked apart by critics because it is so complex. The content of this video is applicable to tax year 2014. Affordable care act, business, careers, compliance, implementation, obamacare, scenarios by seanmcguire telemedicine is transforming health care why, what is the value to me. The affordable care act explained simply liberty tax service. This health care initiative was the main source of contention between republicans and democrats when.
The health impact in 5 years hi5 initiative highlights nonclinical, communitywide approaches that have evidence reporting 1 positive health impacts, 2 results within five years, and 3 cost effectiveness andor cost savings over the lifetime of the population or earlier. Prohibit preexisting conditions exclusions which historically have included. This cartoon serves as a health reform tutorial for consumers and or. Aug 14, 20 in the following months, additional provisions of the affordable care act will be available, including critical new consumer protections for americans and their families that end the worst insurance company abuses by banning discrimination based on preexisting health conditions, ending annual limits on what an insurance company will cover, and giving all americans access to health care plans. Health impact in 5 years health system transformation. All of the changes happening is going to lead to less choice in the marketplace for many americans as a result of all of the changes following the affordable care act. Oct 24, 20 president obama speaks on the affordable care act. Reforms include new benefits, rights and protections, rules for insurance companies, taxes, tax.
In my mind, the affordable care act was an instigator, if you will. Oct 11, 20 the affordable care act, explained curious about insurance exchanges and how to shop for coverage or how obamacare affects employers. Still, gruber, the mit economist, says the model reflects the basic idea of. Jun 23, 2012 what people call obamacare is actually the patient protection and affordable care act. To view pdf files, you must install adobe acrobat reader. Read the affordable care act, health care law healthcare. The patient protection and affordable care act obamacare is a united states federal statute signed into law by president barack obama on march 23, 2010. Use the pmt screen to set up automatic fund withdrawal by the irs, state, and some city departments of revenue. If you do not have health insurance, you are required by the affordable care act to enroll for a plan through the marketplace or to seek government assistance through medicaid. The affordable care act aca became federal law on march 23, 2010. To get a sense of what changes might be on the way, the journal of accountancy recently spoke with eddie adkins, cpa, a partner in the washington national tax office at. Nov 07, 20 the affordable care act allows insurers to charge older people up to three times more than younger people for policies.
Many individuals are still confused about what the law does and how it will affect them. Summary of the affordable care act kaiser family foundation. March 24, 2015 fifth anniversary of the affordable care act. One of the top questionsactually, the top questionthat im hearing after the election regarding the affordable care act is, is it going away. Obamacare pros and cons free legal resource on upcounsel. In the following months, additional provisions of the affordable care act will be available, including critical new consumer protections for americans and their families that end the worst insurance company abuses by banning discrimination based on preexisting health conditions, ending annual limits on what an insurance company will cover, and giving all americans access to health care plans. This animated video series helps people understand what the health care law will mean, what it will cost and who will be affected by these changes when the changes go into effect. The affordable care act the affordable care act aca, also known as obamacare, was signed into law in 2010. We decided to ask kids to get their interpretation. Health care reform explained, affordable care act aarp. Since the supreme court ruling on the affordable care act in june, many people have taken a sudden interest in learning about the law.
The patient protection and affordable care act detailed summary the patient protection and affordable care act will ensure that all americans have access to quality, affordable health care and will create the transformation within the health care system necessary to contain costs. Overview the federal patient protection and affordable care act p. House minority leader nancy pelosi dca and other party leaders spoke to reporters about the fifth anniversary of the. How does an insurance company feel about the affordable. In case you missed the high points of the law, heres a primer to help.
Affordable care act articles, photos and videos aol. Payment for services will be linked to better quality outcomes. Get your team aligned with all the tools you need on one secure, reliable video platform. The affordable care act, explained curious about insurance exchanges and how to shop for coverage or how obamacare affects employers. Health care reform is changing how health care coverage works in the united states. This video was created to help better understand the affordable care act also known as obamacare and the financial assistance that is available to those who qualify. This health care initiative was the main source of. It got a lot of the activity moving in the market place. We were hired by a local ad agency in chicago to produce 20 spots for carefirst to define common insurance words.
Watch a short video on the affordable care act, also known as obamacare, to see how the new health care law and health insurance marketplace affects you. Many people are looking to have the affordable care act explained to them in a simple, straightforward way. Part of his job is to ensure that his company will be in full compliance. Apr 25, 20 patient protection and affordable care act p. The affordable care act aca has the potential to help millions of americans secure health insurance. In this animated video, the youtoons get ready for obamacare and explore health insurance changes under the affordable care act. Calvin is a human resources specialist in charge of benefit administration. Learn how minimum essential coverage, exemptions, and the individual shared responsibility payment impact tax preparation. Yet, every section of its 2,000 doublespaced pages is designed to answer a single question.
Oct 17, 20 the affordable care act is one of the most polarizing and least understood laws in the nation. The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years especially as it relates to the affordable care act. Jul 09, 2012 a quick breakdown of everything in the affordable care act. Health care reform helps social security and medicare stay healthy. You can read the affordable care act by visiting the links below. Affordable and search from millions of royalty free images, photos and vectors. Download the entire affordable care act bill ppaca download obamacare bill. The future of health care and education under the patient protection and affordable care act aca, stanford anesthesia grand rounds by npa president dr. Need help understanding the new health care reforms. Pennsylvania residents in need of health insurance can enroll for a plan through the federal marketplace from november 1, 2017 through december 15, 2017. The other goal is to decrease the number of uninsured citizens.
The law along with the health care and education reconciliation act of 2010 is the principal health care reform legislation of the 111th united states congress. Valerie arkoosh, 60 minute narrated presentation national grand rounds view archived webcast of the event. Also find out how things might change under trumps plan to replace obamacare. It is the most sweeping change to our health care system since medicare was enacted nearly 50 years ago. However, people were calling it obamacare before everyone even hammered out what it would be. How can the affordable care act help control government spending. Tony carrk talked about the march 31, 2014, deadline for signing up for the affordable care acts online health insurance exchanges. Its a term mostly used by people who dont like the ppaca, and its become popularized in part because ppaca is a really long and awkward name. A quick breakdown of everything in the affordable care act. Summary of the affordable care act 3 womens health categories of essential health benefits including maternity care and preventive require all plans offered in the individual and small group markets to cover ten care, such as contraception and cancer screenings. These obamacare videos will help you to understand aspects and current events surrounding the affordable care act.
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