BUS-FP4123_HerbTanya_The Affordable Care Act Quality Initiatives_Assessment 3-1 - Running Head THE ACA QLTY IN 1 The Affordable Care Act Quality

BUS-FP4123_HerbTanya_The Affordable Care Act Quality Initiatives_Assessment 3-1

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Running Head: THE ACA QLTY. IN. 1 The Affordable Care Act Quality Initiatives Tanya Herb BUS-FP4123 October 11, 2016 Capella University
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THE ACA QUALITY INITIATIVE 2 Health insurance reform laws, better known as The Patient Protection and Affordable Care Act (PPACA), or The Affordable Care Act (ACA) became reality in March, 2010, when President Obama signed the statute. The mission of the ACA is to make more affordable, and higher quality health care insurance accessible everyone. These consumers include tax payers, senior citizens, young adults, businesses, families, individuals with no health care insurance coverage, and those that were insured with inadequate plans. Part of the movement is also to encourage people to be part of their own health care. By reforming the whole health care delivery system in a timeline fashion, the ACA adds new objectives each year until 2020 to reach the set goals following a strategic plan. The benefits of the ACA include improved benefits for women through providing more insurance options, a new focus on providing preventative care, and lower costs. For young adults, coverage is now available until the age of 26. Medicare saw a new focus on yearly wellness visits, and even free preventative services for some, and health insurance companies became accountable to justify premium increases of 10% or more (ASPA, 2013). The quality initiatives developed in the ACA include: 1) All insurance plans offered in the marketplace must be Qualified Health Plans (QHPs). 2) Required the U.S. Department of Health & Human Services (HHS) to develop quality data collection and reporting tools, and set QHP certification standards. These certification
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