What Is the Affordable Care Act & Patient protection Act in USA?
As a we are Leading Medical billing services company in us so we sorted some daily points for healthcare information’s which are necessary for everyday life.
The Obama administration came up with a comprehensive Affordable Care Act generally known as Obamacare – to address healthcare concerns of the common public. It was promulgated on March 23, 2010. Obamacare ensures that Americans have access to good, affordable health care facilities and medications. This was done to control the cost factors related to such situations.
What Is the Patient Protection Act?
This act contains the provisions that are meant to protect basic patient rights and help them access healthcare facilities with ease. The government provides subsidies or financial aid as well as premium tax credits or refunds a portion of the tax paid by a person to compensate for their medication expenses. The law further expands its support to help people with low incomes.
Why ACA Was Given So Much Importance?
This act works like an insurance policy to help people pay off their healthcare expenses. The government provides subsidies and tax cuts or tax refunds for people who have health problems and need financial support.
This financial assistance is for low-income households. That is, if you are making $12,760 per year, you are entitled to get financial help.
According to the American law, if your income is low, but it is more than the threshold of 400% of $12,760 then you will not get any financial benefits. If you calculate your income and it is more than four times of $12,760, then you will not be getting any help. $1,276 is the base value for calculating if you can get ACA support or not.
Why ACA Was Given So Much Importance?
Any American citizen is entitled to get access to healthcare benefits, as per the provisions of the Affordable Care Act. But one has to fulfil a certain criterion. The individual’s income must be between $12,000 to about $50,000.
Non-Americans can also avail the benefits of Affordable Care Act, as long as they are legally residing in the country.
