Michael M. Dudley from Optima Health talks health reform
The Patient Protection and Affordable Care Act (PPACA) was signed into law by President Barack Obama on March 23, 2010. It represented the most significant regulatory overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965.
Optima Health began early preparations to ensure a smooth transition into health reform, with some changes happening very early. A major milestone date came on March 31, 2014, when open enrollment for the first year of the ACA’s healthcare exchange marketplace ended. Optima Health enrolled over 15,000 members on the individual exchange and the federal government reported over 7 million enrollees throughHealthcare.gov.
The ACA was enacted with the goals of increasing the quality and affordability of health insurance, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government. It introduced a number of components— mandates, subsidies, and insurance exchanges—meant to increase coverage and affordability. The law also requires insurance companies to cover all applicants within new minimum standards and offer the same rates regardless of pre-existing conditions or sex. Additional reforms aimed to reduce costs and improve healthcare outcomes by shifting the system towards quality over quantity through increased competition, regulation, and incentives to streamline the delivery of healthcare.