Obama Care Health Insurance Exchanges: Bronze, silver, Gold and Platinum

Introduction1

Discussion1

Health insurance1

Types of health insurance in United States2

Obama's Health Care Reform; Affordable Care Act Insurance Plans2

Aim of the Act3

Elements3

The Health Care and Education Reconciliation Act3

Exchanges4

Obama Care Health Insurance Exchanges4

Types of exchanges in Obama Care Health Insurance Exchanges5

Functions6

Department of Treasury6

Eligibility criteria for participation in ObamaCare health insurance exchange7

Non-eligibility criteria for participation in ObamaCare health insurance exchange7

Impact of exchanges on different groups8

Potential enrolled individuals8

Employers9

Agents/ Brokers9

Obama Care Health Insurance Exchanges and Obamacare Reforms; The Future Aspects9

Affordable Care Act Insurance Plans10

Platinum Plan11

Gold Plan11

Silver Plan12

Bronze Plan12

Criticism and Obstacles in the implementation14

Logistical and financial challenges14

The criticism raised by California14

Conclusion14

References16

Obama Care Health Insurance Exchanges: Bronze, Silver, Gold and Platinum

Introduction

Health care services are needed by every individual. With the advancement in technology, there has been advancement in the modernization of health care services and thus the expenses. Health insurance is the process that rooters the individuals from the excessive expenses he might have to bear once a disease condition has been identified. It also save the money of the government by insuring majority of the population.

Unites states is the only state that has been spending the largest amount of money on its health care system. There are different policies and strategies being made to ensure maximum health amongst individuals, easy health care facilities access, and benefit the population as well as the governmental system.

Discussion

Health insurance

Health insurance is insurance against the threat of explanation for why medicinal liabilities around individuals. By examining the general danger of human conglomerations and health layout usages, around a pondered assembling, a move down blueprint can redesign a standard record structure, for a month to month premium or payroll charge, to affirmation that money is congenial to pay for the health notice benefits specified in the insurance declaration (Chambers, 2013). The benefit is administered by a mid mixture, for example, a government channel, private business, or not-for profit part. Reliable with the Health Insurance Association of America, health insurance is laid out as degree that suits the parts of benefits as a result of throb or hurt. It joins insurance for occurrences from catastrophe, medicinal usage, insufficiency, or unintentional lapse and disassembling.

Types of health insurance in United States

At present there are three categories of insurance that are:

Medicaid insurance

Medicare insurance

Private insurance

Or No insurance

Health insurance projects are the what's to come security modifies that can recover the single person from the fiscal emergency he may confront in the event of an ailment event. To advertise this project and enable it all through the United States of America, President Obama has taken a drive in the type of Obama health care insurance trade(Chambers, 2013).

Obama's Health Care Reform; Affordable Care Act Insurance Plans

President Obama has taken the health care issues of the America populace genuinely. He has taken wide drives to blanket the greatest populace in insurance, along these lines that they can get the best restorative administrations when wanted. The Obama's health care change is a paramount step towards realizing this objective. The official name for this health ...