Institute: ONC | Component: 1 | Unit: 4 | Lecture: d | Slide: 26
Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 1
Lecture:Payors in the U.S. Health Care System
Slide content:Federal Regulation of Private Health Insurance - 5 Patient Protection and Affordable Care Act ( PPACA ), or Affordable Care Act (ACA) of 2010 Ends lifetime limits and most annual limits on care Provides free access to preventive services 50% discount on brand-name drugs on Medicare No limit or denial for children under 19 with preexisting conditions Adults no longer denied due to preexisting condition Allows children under 26 to stay on parents plan 26
Slide notes:The Patient Protection and Affordable Care Act, passed in 2010, is the official name for what many refer to as the health care reform law . This law improves access to health insurance for children, young adults, and people who have been denied insurance due to a preexisting condition. In addition, insurance companies are no longer allowed to impose lifetime limits on most benefits, and the law is phasing out the annual limits that companies can impose. Patients in some plans get free access to certain preventive services, and seniors who are experiencing the Medicare D coverage gap receive a fifty-percent discount on brand-name drugs. 26