THE A

FFORDABLE

HEALT

H

CARE ACT

CRYSTA

L DAV

IS

FRANK G

RAESER

NABIL HAMAM

MARY ANN JO

RDAN

THOMAS K

EITH

THERESA S

TARUCH

COSTAFFORDABLE CARE ACT

ACA is paid for through collected taxes, penalties, spending cuts and reformations to the health care industry, estimated at a net cost of $1.36 trillion by 2023.

ACA does not sell health insurance, it creates a marketplace for Americans. To purchase regulated, subsidize private insurance.

ACA will provide around one trillion in subsidies to low and middle income Americans over the next decade to help them pay for health insurance.

HOW WILL WE PAY FOR ACA SUBSIDIES

It is designed to offset the cost of these subsidies

Half of the cost is offset by projected savings in Medicare payments to insurers with projected revenues of $416 billion dollars

Another source is a tax on the wealthiest American (families with incomes over $250,000 a year) with projected revenues of $210 billion dollars and other miscellaneous revenues which will produce $149 billion dollars

Projected provisions will make the bill a net positive for the federal budget

ACA will produce a surplus to the budget if it is successful that is projected to lower the deficit by $100 billion

THE PENALTIES PHASE

Projected revenues of $149 billion will be charged to those who choose not to have health care under ACA

The Penalty for 2014 is $95.00 per adult and $37.50 per child  for low income insured with a maximum of $285.00 a year per family and 1% of income for families with income over $250,000

The fees on insurance providers  and medicine producers will produce  a projected revenue of $107 billion

Manufactures of medical devices will pay  an excise tax of 2.3% a year

Excise tax on Cadillac health plans for $32 billion

Educational reforms for $52 billion

www.TaxFoundation.org

QUALITY

There are many well-known improvements in the quality of care associated with the reform act. The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms.

AFFORDABLE CARE ACT/ COST

There is no single solution to reducing the rate of growth in health care costs and the Affordable Care Act employs a wide range of strategies that can achieve the goal of greater value, including provisions to:

- Improve the quality of care,

- Reform our health care delivery system,

- Appropriately price services and modernize financing systems, and

- Fight waste, fraud and abuse

ELDERLYElderly people will definitely benefit from the new health care reform in three areas:

1-The Patient Safety / Abuse Prevention Act:

2-The Elder Justice Act:

3-The Nursing Home Transparency and Improvement Act:

MEDICARE/QUALITY

-Medicare is changing the way it pays hospitals for services provided to people with Medicare. Instead of only paying for the number of services a hospital provides, Medicare is also paying hospitals for providing high quality services.

-Medicare now has information about how the quality of a hospital's care affects the payments it gets from Medicare.

PREVENTIVE SERVICES

There are many significant areas of the ACA especially in preventive services:

Preventive Services for Women

Preventative Services for Adults

Preventive Services for Kids

REFERENCESAmerican Psychological Association.  The Elder Justice Act (S.1070/H.R.

1783).  Retrieved July 22, 2012 from:  http://www.apa.org/about/gr/issues/aging/elder-justice-facts.aspx

Administration implements new health reform provision to improve care quality lower costs. (2011). Included in affordable care act.

How the Affordable Care Act pays for Insurance Subsidies. (2013). http://ww.npr.org/blogs/health

- The Patient Protection and Affordable Care Act: An Overview of Its Potential Impact onState Health Programs (2010). http://www.lao.ca.gov/reports Health insurance reform

and Medicare: making Medicare stronger for America’s seniors.

-PPACA will drive quality health care reform, (2010). Legal News: Health Care. Retrieved from http://www.foley.com/ppaca-will-drive-quality-health-care-reform-05-21-2010/

-Take health care into your own hands. (2012, July). Newsroom fact sheets. Retrieved from http://www.healthcare.gov/news/factsheets/2010/07/preventive-services-

-Obama Care Facts. N.d, Web. 2 Feb 2014. http://obamacarefacts.com/obamacare.

http://www.cms.gov/apps/docs/aca-update-