Essay on Health Insurance Exchange

Words: 1307
Pages: 6
Open Document
Identify a government policy decision that has influenced or will influence your field of study. The policy decision can be a federal or state agency rulemaking, legislative action, or court decision that has already been or will be implemented. Discuss one positive and one negative effect that this policy has had or will have on your field.

America is about to make major changes in the country’s health care system. The goal of the Affordable Care Act is reduction of the number of uninsured individuals and health care expenses. Some call the reform unconstitutional, some fear inefficient implementation will lead to the opposite of the anticipated health care cost reduction. According to Kaiser Health Tracking Poll 29% of Americans …show more content…
Adverse selection. One of the weaknesses of the new reform is so called “adverse selection”. This means that healthy individuals may prefer paying penalty rather than enrolling in the health plan and only sick patients will purchase health insurance. Under the new law insurance companies will not be able to deny paying for pre existing conditions. Therefore, healthy people may wait for enrollment until they get sick. The influx of only high-risk individuals may raise health insurance company expenditures. With increased cost insurance companies will try to negotiate cheaper health plan contracts. Since cost of care will continue to rise hospitals will meet difficulties in treating more patients with less resources. Hospitals may be required to reduce health care providers’ salaries. As an ultimate result less individuals will desire to go to medical school and this will result in care provider deficit.

Although the proponents expect that the Act will drive hospital revenue, there are several issues that need to be considered. First, government programs like Medicaid are known to delay payments for services. Some experts fear Exchanges will not be an exception. Second, the revenue received from increased number of insured patients may not be as much as hospitals receive from government for treating uninsured patients. Federal and state authorities will probably consider substantial cuts of charity funds and hospitals could take
Show More

Related Documents: Essay on Health Insurance Exchange

Essay on Healthcare Policy Analysis

finally happening!We get to manage our own health care .Our issues with Healthcare and insurance is finally looking up in a positive way .Finding a doctor won't be such a hassle nor will it be someone else telling you who you have to pick . Insurance won't be so high and even has made it possible to carry insurance without it breaking our pockets each month .This new way of insurance marketing is a great idea . I feel this will save our pockets and cost of health care can finally go down .The facts are…

Words 1320 - Pages 6

Health Insurance Marketplace Essay

A health insurance exchange, which is also known as a Health Insurance Marketplace, is a set of government regulated and standardized health care plans in the United States. The Marketplace is a new way to find health coverage that helps people who do not have coverage or people who have coverage but want other options of coverage. When using the Health Insurance Marketplace, the applicant will fill out an application and will be able to see all the available health plans available in their area…

Words 431 - Pages 2

Types Of Exceptionalism

particularly odd: companies choose health insurance for their workers. Almost all firms with over 200 employees offer health coverage. Company sponsored insurance is common for working-age Americans. In no other big and rich country is it the norm. But this form of paternalism is diminishing fast, accelerated by Barack Obama’s health reform. The changes have broad implications for workers and the health industry. Poll after poll shows that employers are revising their health plans. On August 18th the Federal…

Words 459 - Pages 2

Business, What Requirements Does The Law Place On Employes?

1. What are health insurance exchanges? It also called Health Insurance Marketplace, is an online associations established to assist purchasing a health insurance or look for a batter or cheaper health insurance. It searches for health insurance based on the person health income and it allows comparing the options. The health insurance exchange organization is based on Obama Care (Patient Protection and Affordable Care Act), it is run by the state or federal government since it is state-based…

Words 464 - Pages 2

obama care analysis Essay

OF U.S HEALTH CARE INDUSTRY Looking at today’s scenario, U.S ranks at the top when it comes to health care expenditure which is 16.3% when compared with all the developed nations. Currently, approximately 16% of the U.S population which is approximately 44 million people; are not privileged with any kind of health insurance. Health care in U.S is provided by multi-player private organizations, where 60-65% of health care expenditure comes from Medicare, Medicaid, Tricare, Children’s Health Insurance…

Words 1180 - Pages 5

Obama Care Essay

Care creates the Small Business Health Options Program or SHOP, a part of each States Health Insurance Marketplace, where small businesses with fewer than 50 full-time employees can shop for group health plans starting October 1st, 2013. Taxes and tax credits are based off of the number of full-time equivalent employees (FTE) and their average annual wages not solely on the number of full-time employees. Obama Care provides small businesses with affordable insurance options, cost assistance and increased…

Words 536 - Pages 3

University Of San Francisco Center For Global Education

semester completing degree requirements b. Graduates……………… day degree requirements are fulfilled – i.e., completion of final coursework, passing final exams, or filing of thesis or dissertation c. JEEP…………………… last day of the semester completing the exchange program NOTE: The completion date may or may not be the same as the end date on your Certificate of Eligibility. Students who are near their completion date and do not have firm job offers should consult ISSS to discuss their status and options…

Words 815 - Pages 4

Affordable Care Act Essay

Affordable Care Act into law. With the Affordable Care Act, there is an improved access to affordable health coverage and provides protection against abusive insurance company practices. Some of the other focuses that encompass the Affordable Care Act is stronger consumer rights and protections, more affordable coverage, better access to care, and stronger Medicare. Details about the Affordable Care Act Insurance companies could take advantage of their customers in the past. These companies could deny coverage…

Words 695 - Pages 3

What Are The Pros And Cons Of The Patient Protection And Affordable Care Act

Protection and Affordable Care Act (PPACA) into law on March 23, 2010. The law is more popularly known as the Affordable Care Act (ACA) or the Obama care. The law requires all U.S. citizens and legal residents to have health insurance or a penalty is imposed. States are required to create exchanges…

Words 278 - Pages 2

How to write a "Hello World" program in Java Essay

Health Care Reform and American Federalism: The Next Inter-Governmental Partnership by Michael Sparer, J.D., Ph.D. with responses from state health policymakers September 2009 1 With the election of President Barack Obama, the issue of health reform returned to the national agenda. President Obama has made comprehensive reform a high priority, emphasizing the need to get reform enacted during his first year in office. Congress has been tasked with developing the details. The…

Words 8152 - Pages 33