Affordable Care Act

Regulators and Government

• Regulators can overcome the individual inability to accurately assess risk by requiring individuals to:

•         (1) Purchase health insurance
•         (2) Purchase a policy that includes a minimum amount of benefits.
• In the commercial health insurance markets, states have recognized market inefficiencies which skew the quality and pricing of health insurance products.

• As noted above, whether states can or should, among other efforts, regulate information disclosure in order to optimize consumer purchases is a subject of debate.
• This ideological debate over the proper role of government in the health insurance market is reflected in the manner in which states have (or have not) regulated health insurance to this point.

Governance

• Obamacare was a great influence to ACA for having resources such as: individual mandate, Medicaid commandeering, Medicare cuts, and the “preventive services” contraception mandate, which will help receive medical-quality control.
• The Affordable Care Act has created principles to follow in order to enhance in “medical quality”.
• The principles being applied will also further regulatory ends of medical systems studies, comparative-effectiveness research, and enhancing patient participation in health-care delivery.

Benefit of Aca

• Health-care reforms have tried increasing access to health care and lowering its cost while improving the quality as well.
• The Affordable Care Act is looking forward to guarantee a higher quality of medical care, and they are doing this by being involved in public-private partnerships, existing or starting new ones.
• Willing to try and improve by including government-supported private actors, quality benchmarks, and participation of practitioners and patients.