The Supreme Court is due any day to render a ruling on the legality of the affordable care act. Although implementation and compliance with the entire act will not occur to 2014, many people in dire need of medical attention, have become eligible during the past year. Provisions such as the law’s ban on lifetime limits in health insurance policies and permitting individuals to be insured under their parents plans are already effective.
Although the law has numerous, complex components, below we attempt to break down the major provisions of the affordable care act.
The first and most significant is the individual mandate. The individual mandate requires all individuals with few exceptions to have health insurance by the end of 2014. Should the current law stand, approximately 30,000,000 more individuals will be covered by health care upon complete implementation.
implementation.
The second major aspect of the healthcare baggage guarantees insurance to everyone, regardless of pre-existing conditions.
And the third major aspect of the law is an expansion of coverage. Young adults up to age 26 can be covered by their parent’s plans. Currently, most insurance companies determine much of the cost and types of treatments doctor can undertake. Under the act, the doctor has the sole discretion to determine what medical action is necessary.