Affordable Care Act and Part D - 1622 Words

Affordable Care Act and Part D Kelly Ayers HCS/531 Monday 2 July 2012 Dr. Russell Arenz As the population ages, people want the security of knowing that they have health care coverage. At age 65, people have the opportunity to be covered by Medicare. Medicare has four parts to it; part A which is the hospital insurance, part B which is the medical insurance, part C is Medicare Advantage plan which offers extra coverage such as vision, hearing, dental and/or wellness programs, and part D is prescription drug coverage. The Patient Protection and Affordable Care Act survived a vote of the Supreme Court justices and changes will be implemented within the next few years. As people age and the number of people entering the golden†¦show more content†¦25). Increasing the availability of generics will yield significant savings. The donut hole will not completely close but a 25% gap is left for the enrollee. To be able to get to this 25% gap, closing percentages of the gap will be phased in over a ten year period. â€Å"For generic drugs, costs decrease by on ly 7% in 2011, and the enrollee continues to pay the majority of the applicable costs until the year 2018† (Kaplan, 2011, p. 25). Until the end of the phase in period, generic drugs will cost more than brand names. Reason being, the government wants both generic and brand names reduced until both equal 25%. â€Å"The enrollee’s percentage obligation for brand name drugs is lower than the comparable percentage for generic drugs until they both reach the 25% level in 2020† (Kaplan, 2011, p. 25). However, changing perceptions of prescribers and consumers will be necessary to launch the initiative. The education of providers regarding the therapeutic equivalent and efficacy of generic medications are therapeutic substitutes is very important—prescribers will be the driving force behind adoption of generics over brand-name drugs. The use of e-prescribing provides information regarding cost, formularies and available generics at the fingertips of providers (United States Department of Health and Human Services, 2010). PhysiciansShow MoreRelatedHcs/440 Group Paper1087 Words   |  5 PagesCost of Healing Barbara Bauman HCS/440 April 21, 2014 Dr. David Moody The High Cost of Healing The cost of health care has been at the forefront of politics for years. It is one of the most talked about topics not just in political venues but also country wide. Every American has an opinion on how our economy can be fixed and they are passionate about health care reform. The price of insurance alone causes many Americans to not have coverage. 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Medicaid provides healthcare insurance for individuals and families with low incomeRead MoreAffordable Care Act Research Paper1074 Words   |  5 Pagesbe obtained through government programs. As of 2010, with the introduction of the Patient Protection and Affordable Care Act, many more citizens were able to receive health insurance (Rosenbaum, 2011). Furthermore, this began the healthcare reform as it is today. The Patient Protection and Affordable Care Act, otherwise known as the Affordable Care Act or ACA, enables citizens to have affordable health insurance coverage through several legislative provisions (Rosenbaum, 2011). 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In addition, new rules will hold insurance companiesRead More The Patient Protection Affordable Care Act is Good for America1718 Words   |  7 Pagesthe Patient Protection Affordable Care Act (PPACA) violates the United States Constitution, and it should be eradicated. This law was implemented to help people acquire affordable health insurance; therefore, it is important to the people whom have preexisting conditions, and the American government is confronting medical legal and ethical issues like elective abortion. President Obama’s intention to provide affordable health insurance for all U.S. citizens is a noble act. However, there are mixedRead MoreGovernment Funded Healthcare Pl A National Public Health Insurance Program919 Words   |  4 Pagesthe country and is financed by federal income taxes. Medicare plan consists of 4 parts. Part A – hospital insurance – is compulsory and provides health insurance coverage for inpatient hospital care, skilled nursing, home health services and hospice care. It is free if you have worked and paid social security taxes for at least 10years but you will pay a monthly premium if you have worked and paid taxes for less. Part B – medical insurance – is voluntary and provides benefits for physician services