Obama Care A Plan - 1364 Words

Obama care is a plan introduced in the US with the aim of reforming the existing health sector. The introduction of the plan was in the form of a bill that was later signed into law in 2010 by President Obama (Manchikanti Hirsch, 2009). Also, Obama care is referred to as Affordable Care Act (Manchikanti Hirsch, 2009). The act aims at introducing reforms in the American Health care system offered to the citizens. The Act provides Affordable Quality Insurance to the American citizens so as to help curb the increasing healthcare spending (Manchikanti Hirsch, 2009). The health reforms outlined in the Obama care include the introduction of new insurance rules to be observed by the Insurance Companies, insurance mandates and exchanges,†¦show more content†¦The law facilitated spreading of risks among insured individuals, thereby ending the previous state of discrimination experienced in the health sector. Previously, the American citizens had experienced discrimination in areas like gender and health status as well as facing different health care costs based on individual’s age (Manchikanti Hirsch, 2009). The plan imposes limitations on the previous discrepancies concerning the amount that individuals were being charged. Therefore, all Americans who are in the position to contribute towards the plan should maintain a minimum essential coverage while individuals who cannot afford are exempted from maintaining the coverage. The plan established a marketplace for competitive health insurance enabling many Americans to access group buying, comparing insurance plans as well as receive cost assistance. The other benefit of the Affordable Act is an introduction of stability to the American budget and economy. The available projection predicted a reduction of the budget deficit by around $100 billion within the next decade, after implementation of the plan. The provision of the Obama care provided relief to the American citizens by abolishing the various restrictions on benefits. For instance, the law abolished lifetime and annual dollar limits