Fundamentals of Obamacare

Published
05/29/2013 by

No matter your politics, Health Care Reform is upon us. Some provisions are included to help the public understand the choices they will face in the coming months. Yet in all of this, questions surrounding impacts of the law still remain for many.

 

In 2010, the Affordable Care Act (ACA), referred to with mixed sentiment as “Obamacare” was passed. But as the campaign landscape heated up, politicians across party lines were split on the issue. The country watched to see how it would play out, yet many of us were left to do little more than speculate whether the law had staying power. 

 

The Supreme Court decision upholding a key provision of the law, the individual mandate, (and simultaneous ruling that Medicaid expansion would be optional for the states)1 and subsequent re-election of President Obama in 2012 sealed the deal -- Obamacare was here to stay.

 

With one half of the country wielding victory and the other half numbed from the defeat, much of the implementation work was yet to be done. There was urgency for the feds under the leadership of Kathleen Sebelius, Secretary of Health and Human Services (HHS) to further publish final rules & approve states’ proposed exchanges. Likewise, the states would be in a frenzy to comply with readiness standards and publish key decisions by the HHS established deadlines.

 

Included among a host of provisions, the law seeks to expand the availability of health insurance coverage to the vast number of uninsured Americans, improve the quality of healthcare, while lowering costs, as well as, improve integration and accountability across the healthcare system.


Click here to view full diagram of key provisions.