Question

How long can the affordable care act last? Does it need to be modified? If so what changes need to be made?

Answer 1

the affordable care act: 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.

If it’s a start, it’s a long way from its end. The Affordable Care Act remains the law of the land, and none of the proposed changes would substantially alter its main provisions. The funding cut and executive order could result in higher insurance premiums for some Obamacare customers and lower premiums for less regulated coverage for those who want to try new insurance options. They could cause some insurers to exit some markets in the long ter/m.

the affordable care act last on Dec 15 2017

Modifications:

Modify ACA premium tax credits starting in 2020. Extend eligibility to individuals with income under 100% FPL, end eligibility for income above 350% FPL. Tie subsidy level to a less expensive benchmark plan with 58% actuarial value (AV) and change required individual contributions at income levels above 150% FPL so younger people pay less toward subsidized coverage and older adults pay more.

Changes:

Retain private market rules, except as described below, including requirement to guarantee issue coverage, set premiums based on modified community rating, prohibition on pre-existing condition exclusions, requirement to extend dependent coverage to age 26. Require waiting periods of 6 months for people who buy non-group coverage unless they have had continuous coverage throughout the prior 12-month period. Modify age rating limit to permit variation of 5:1, unless states adopt different ratios, effective 2019. Retain essential health benefits requirement, although bill makes it easier for states to waive it.