What was the intent of the Accountable Care Act?

What was the intent of the Accountable Care Act?

The intent of the ACA is to reform how insurance and health systems work to ultimately improve health care access, quality, and individual and public cost. If successful, the ACA has the potential to improve individual health and, ultimately, population health.

What are 4 provisions of the Affordable Care Act?

Key Federal Provisions Provisions included in the ACA are intended to expand access to insurance, increase consumer protections, emphasize prevention and wellness, improve quality and system performance, expand the health workforce, and curb rising health care costs.

Who created the ACA?

President Barack Obama
The Patient Protection and Affordable Care Act, often shortened to the Affordable Care Act (ACA) or nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.

What exactly is the Affordable Care Act and what does it do?

The ACA was designed to reduce the cost of health insurance coverage for people who qualify for it. The law includes premium tax credits and cost-sharing reductions to help lower expenses for lower-income individuals and families.

Is ACO part of ACA?

The ACO model was introduced through the Medicare Shared Savings Program, a component of the 2010 Affordable Care Act (ACA). The ACA mandates that an approved ACO manage the healthcare of a minimum of 5,000 patients over a three-year period. 1 ACOs are overseen by the Centers for Medicare and Medicare Services (CMS).

What are the five key areas in which accountable care organizations must meet quality standards?

The rule proposes quality measures in five key areas that affect patient care: patient/caregiver experience of care; care coordination; patient safety; preventive health; and at-risk population/frail elderly health.

What are the three main components of the Affordable Care Act?

The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions …

How did Obama get affordable care act passed?

March 11, 2010: Now lacking the 60th vote needed to pass the bill, Senate Democrats decide to use budget reconciliation to get one bill approved by the House and the Senate. All Republicans and 34 Democrats vote against the plan. March 23, 2010: President Obama signs the Affordable Care Act into law.