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PAM- ACA Expansions, PAM: ACA EXPANSION 2 - Coggle Diagram
PAM- ACA Expansions
impacts of ACA
enrollment of middle income people was lackluster
private health insurers lost money
increasing premiums
50% of insurers left the exchanges
increasing deductibles
Only 50% of individual insurance covered required requisites of obamacare
What are the highlights of the ACA?
expanded insurance coverage
subsidized private health insurance
Mandated fine for those without health insurance/employers who did not offer health insurance- removed in 2019
coverage denial prohibited
children remained insured; under 26 can stay under health insurance plan
What are the reasonings behind the policies enacted?
health insurance is best when everyone is included
people support each other in each other's worst years
individual mandate alleviated the adverse selection
employer mandate based on employer oriented health insurance
subsidies since people are poor
How do exchanges work?
subsidy decreases with person's income
person required to pay anywhere from 3% (140%) to 9.5% of income (300%)
average subsidy of enrolled person is $6,000
insurerers have competition
large pool makes insurers excited
How do ACA exchanges work?
private insurance companies are organinzed by generosit on a website
premium subsidies specifically go to
low to middle income people
not offerred insurance by employer
some cannot receive subsidies if eligable if state doesn't expand medicaid
What does the ACA/obamacare encourage?
states to offer medicaid to low income people not already covered
subsidize private health insurance for middle-income people
What is the predicted impact of the ACA on key objectives?
BIGGEST: improve access to quality
PAM: ACA EXPANSION 2
What was the medicaid expansion in the ACA?
income limit increased
federal government covered 100% of the newly eligible enrollees
medicaid expansion optional
all states still had older regulations
What are the benefits of expanding the ACA for states?
Turning down federal money
said money would have improved health
program would not divert money from other places
is Medicaid expansion working?
most studies agree that there have been positive effects in
utilization of care, health insurance, health care affordability, ect