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Running Head: PATIENT PROTECTION AND AFFORDABLE CARE ACT1Patient Protection and Affordable Care ActStudent NameInstitutional Affiliation
PATIENT PROTECTION AND AFFORDABLE CARE ACT2Patient Protection and Affordable Care ActOn March 23, 2010, the affordable care act was approved and signed into law byPresident Barrack Obama. The Health Care and Education Reconciliation Act later amended thelaw on March 30, 2010. Many rights and protections that are provided by the law make healthcoverage easier and fair and to understand along with subsidies through cost-sharing reductionsand premium tax credits to make it more affordable. The Affordable Care Act and PatientProtection will guarantee that all Americans have right to use affordable and quality health careand will create the transformation within the health care system necessary to contain costs.10-1some of the changes in the business and society is that the Affordable Care Actimposes fees and taxes on businesses of all sizes which raises questions about the effect onemployment that will be caused by thelaw. Healthcare and related costs have increased.Employers have seen an increase in healthcare premiums and fees related to the Affordable CareAct, such as the Patient-Centered Outcomes Research Trust Fund fee and the Reinsurance Fee(Troy & Wilson, 2014) employers have eliminated offering health care benefits to employeesworking below 30 hours a week, while others have reduced hours for part time employees toensure they are below the 30-hour trigger for mandatory health insurance coverage under theAffordable Care Act .familiesalso may be faced with increased out of pocket costs if they areobligated off the employer-sponsored plan.10-2.There are some similarities and differences of fee-for service plan and managedcare plans. For example the methodof Payment in fee for service is that after paying the yearlydeductible usually the first $200-$500, most likely you will be asked to pay the physician's billup front. Afterward, you would present a claim to be reimbursed for a certain percentage of theamount which is usually 80 percent. But Under managed care you will be charged a $5, $10 or

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Term
Spring
Professor
NoProfessor
Tags
Affordable Care

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