Patient Protection and Affordable Health Act (ACA) was essential for maintaining financial transparency and evaluating the current delivery and payment options in order to maintain medical care finances. Its main purpose was to ensure that all Americans were covered by insurance (Mason and al. 2020). The regulation of private insurance companies was expanded and state insurance efforts were increased. New insurance forums were also created in order to increase competition within the private insurance marketplace.
Health care financing for the government
This funding is used to ensure high-quality healthcare. Federal government ensures that people get health care by partially subsidizing and overseeing public programs such as Medicaid, CHIP and other state-run initiatives in public health (Mason et al. 2020). The Institute of Medicine (now known as National Academy of Medicine) defines the main purpose of public healthcare as creating favorable conditions to provide high-quality medical services. Medicine is focused on the patient but public health is about the overall population.
Private health care coverage
Another way to ensure Americans have healthcare access is through private insurance. This includes Medicare administration and Medicaid. The transition of these two insurance companies has always been made within the framework of the private insurance market. Many Americans have employer-sponsored healthcare insurance. This includes dependent coverage and employees. With the Affordable Care act, significant changes have been made in private insurance. Its main purpose is to give workers insurance coverage that they aren’t covered under governmental programs.
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