Question

How is adverse selection mitigated in the US system of care?

How might repealing the individual mandate affect adverse selection and insurance premiums?

When it was passed, part of the goal of the ACA was to decrease health care costs in the United States. Discuss the ways in which costs might be reduced and the ways in which costs might actually increase as a result of ACA.

Answer 1

ACA (affordable care cost)- It means the detailed healthcare reforms singed by the Former President Barack Obama in the month of march in 2010.
It is also called as the patient protection and affordable care act.
It includes the list of health related provisions and the main base of these provisions is to extend the health care insurance coverage to thousands and millions of non insured Americans.
Important points in this question are as follows:
It expanded the medical eligibility and the health care insurance exchanges.
It prevents the patient when insurance companies denying the coverage.
It also called as Obamacare because it is highly beneficial for the poor people.
Lower income families are eligible for this insurance plan and health benefits.
It is basically designed to reduced the health care cost
This law includes the premium tax credits and the benefits of cost sharing
It effects the insurance companies.
It reduces the companies ways of charging the cost.
It affect the rehabilitative and habilitative services.
But there are some cases where insurance companies are free to charge the premium cost to maintain the balance of their benefits.