Patient Protection and Affordable Care Act

Wikipedia's defenition and information of the new health care is this :

The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare or the federal health care law, is a United Sates federal statue signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and  Education Reconciliation Act, it represents the most significant regulatory overhaul of the U.S. Healthcaer System since the passage of Medicare and Medicaid in 1965.
PPACA is aimed primarily at decreasing the number of uninsured Americans and reducing the overall costs of health care. It provides a number of mechanisms—including mandates, subsidies, and tax credits—to employers and individuals in order to increase the coverage rate. Additional reforms are aimed at improving health care outcomes and streamlining the delivery of health care. PPACA requires insurance companies to cover all applicants and offer the same rates regardless of pre-existing conditions or gender. The Congressional Budget Office projected that PPACA will lower both future deficits  and Medicare spending.
On June 28, 2012, the United States Supreme Court upheld the constitutionality of most of PPACA in the case National Federation of Independent Business v. Sebelius.

My thoughts are this " Why is this act so bad for the country?  Don't JUDGE ME , I am Thinking out loud and seeking for a way to truly judge this Patient Protection and Affordable Care Act ( PPACA)  Obamacare or by it's other name, federal health care law. Well over the next year we hope to get into the meat of the bill. Please feel free to speak up or out on this subject that will certainly affect all Americans' Lives. Leave me a comment on your thoughts!!!!!!!!!!!

SOURCE : Wikipedia  http://en.wikipedia.org/wiki/Obamacare

OBAMA CARE / THE AFFORDABLE CARE ACT

Now that the fiscal cliff has been avoided will President Obama  make "compromise" a theme of his second term, one thing is for certain: the Affordable Care Act, widely referred to as "Obamacare" is going to take effect. The States are scrambling to line up. The lion's share of the law is to be implemented on January 1, 2014. There are major tenets that will impact Americans including the individual mandate and the pre-existing conditions clause that will not allow insurers to refuse coverage to anyone, even if there health is poor.

 

 

When you examine it what does this all mean for consumers and the broader health care industry? To answer that, we  look at Breakout who welcomed Les Funtleyder, a healthcare strategist for nearly two decades and author of Healthcare Investing: Profiting from the New World of Pharma, Biotech, and Health Care Services. He said that "the next 13 months are gonna be a flurry of activity" as the states, insurers and the insured prepare for the law to be fully enacted. He admits he is not sure January 1, 2014 is a hard-and-fast date, citing a recent delay in the deadline for states to tell Washington, DC whether they want in on the federal plan or if they plan to handle it on the state level.