The Affordable Care Act Policy Paper

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The Affordable Care Act The Affordable Care Act was signed by President Barack Obama on March 23, 2010. The act was put in place so that there would be less scams by insurance companies trying to get money from those that they cover. For the uninsured or those who didn’t get their coverage through work, a key component of the Affordable Care Act took effect on October 1, when the new Health Insurance Marketplace opened for business, allowing millions of Americans to comparison shop for a variety of quality, affordable plans that best met their health care needs. Because of the Affordable Care Act certain policies and rules were put in place, such as the 80/20 rule. What this rule stated was that insurance companies must spend 80 percent of the premium dollars on medical care and improvements of the quality of the care, rather than making advertisements or giving the money to the big executives. The law also forced companies who didn’t abide by those rules to return to their patients a rebate, in which over 8.5 million Americans received. It also forced insurance companies to explain themselves if they felt like raising their rates by ten percent or more. The Affordable Care Act also allowed more people better access to get affordable care. It also forced insurance companies to provide for those who already had preexisting conditions, young adults, those who need insurance exchanges and made them provide preventative care. The preventative care worked mainly in the favor of women because many more services were provided to them for preventative care “to help before things happened” and it was concerned “one of the best things that happened in women’s healthcare in over a decade”. Because of the act women were able to get care such as breastfeeding supplies, counseling and care, mammograms, well-woman visits, screening for gestations diabetes, HPV DNA

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