Health Care Regulation
The Affordable Care Act (ACA) is a complex legislation that seeks to reform the current health care system through providing an increased access to affordable health care among the Americans. The regulations targeted affordable quality health cover to reduce the increase in the health care spending in the U.S economy. The regulations include new benefits, rights, rules, and tax breaks to reduce the costs of health care among the hospitals. The ACA prescribes the need to offer quality health care for all the Americans. This is can be achieved through subsidizing the health care insurance policies in the country (Abbott III, 2012). Moreover, it also prescribes the role of the health care to prevent the occurrence of chronic diseases as well as improving the overall public health. It is necessary in reducing the prevalence of most diseases among the U.S population. Another sub section of the ACA indicates the need to improve the access to innovative medical therapies. Such efforts are useful in advancing the ways of improving health care programs.
Most importantly, the ACA emphasizes on the need to offer quality and affordable health insurance cover in order to expand public and private insurance costs. The law specifies that the insurance companies should cover all insurance applicants with the set minimum standards at the same rate irrespective of their sex or age. For instance, the Act requires that the low-income families should receive adequate federal subsidies. Section 1401 of the ACA suggests that every subsidy will be offered as refundable tax amount under a given formula. Therefore, the Affordable Care Act is a relevant health care regulation to regulate the costs of health by providing affordable health care insurance coverage.
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The Affordable Care Act is the first health care regulation that seeks to regulate the commercial insurance market. The law will be implemented by setting and enforcing the rules and regulations on the insurance coverage. This leads to the creation of flexible regulatory regulations that promote implementation of the health care regulation. The U.S Department of Health and Human Services (HHD) has also assumed flexible and responsible model to encourage the participation of the insurers to enhance the flexibility of satisfying the ACA standards. Increasing oversight of the ACA is also relevant in the implementation of the regulation in the current health care sector (Abbott III, 2012). The health care officials have to evaluate relevant plans in order to certify the reasonable access and implementation of the regulations. The identified officials enhance the compliance of the insurance companies to the exiting health insurance regulations. The continued tracking and analysis of the health insurance rates is also necessary in understanding the implementation of ACA in the economy.
Even though some state may not have implemented the health care regulations, the state regulators should collaborate in encouraging the compliance with the health care regulations. Such implementation efforts are useful in ensuring that all patients receive quality and affordable health care services in the majority states in the country. Apart from all, the HHS should establish innovations in the health care to reduce the costs. The innovations are important in reducing the costs as well as improving health outcomes. These include the provision of community-based services to promote institutional care in the society. Therefore, the implementation of the Affordable Care Act relies on the federal and state government supports and efforts to foster more affordable and quality health care.
References
Abbott III, T. A. (2012). Health care policy and regulation (Vol. 20). London, UK: Springer Science & Business Media.