Health Care Reform 2014



Health Care Reform 2014

Introduction

Health care reform is a process that is used for discussing the key health policy that is made or modified by the government. The core purpose of this health care reform is to develop the health policies. The health care reform represents expanding the population that gets health care coverage either by means of private sector insurance corporations or public sector insurance programs. This health care reform also attempts to develop the easy access to the professionals of the health care. Moreover, it improves the value and quality of the health care as well as diminishes the health care cost. They provide extra care to their citizens as they greatly consider them and expand the range of health care contributors so that consumers would not face any kind of difficulty in choosing among them.

The federal health care reform believes in using a building block approach which begins with the health insurance system. This system is specifically made to ensure the access of health insurance to the maximum number of people through their extensive coverage. This health care reform contains some major steps that are as following:

Enlarge the medic aid in order to provide access to low income people to access the health care coverage.

Encourage and motivate employers to provide health care insurance.

Provide credits to the low income American to acquire health insurance.

Establishment of health insurance exchange to streamline the acquisition of insurance effectively and easily.

Promote preventive care.

Tell the importance of Americans about the health insurance and necessitate them to purchase it.

Discussion

The health care reform bill 2014 has been passed by Congress. The bill has been signed by President Obama. This reform will bring the changes in the health care of Americans. This transformation has brought the mandate requirement for every American to have health insurance. This represents the totally restructured insurance plan. The brief summary of the health care insurance reform is explained as following:

Mandatory Coverage

According to this reform, the government requires every American to have health insurance by 2014. For those who do not purchase the health insurance will have to pay an annual fine of $695 with some exceptions to low income Americans. It is also necessary for employers with more than 50 employees to provide health insurance to their employees or pay an annual fine of $2000 per employee. According to this enactment, if a person is penalized with a fine, then the amount of the fine will continue to increase each year for first three years including the year 2014. For instance, the person will have to pay $95 or one per cent of his taxable income in 2014. Afterward in 2015, the person will be entitled to pay $325 or two per cent of his taxable income. This will be followed by $695 or 2.5 per cent of taxable income in the year 2016.

Health Care Insurance Exchanges

This reform will expand coverage to 32 million civilizations that are still uninsured. This enactment of health care insurance will ensure that people ...