My understanding of health care reform is fundamental. However, based on my research on its impact on healthcare financing, I would say that healthcare reform is a government and policy initiative that was introduced to reduce the high cost of healthcare and make it affordable for all. Health care reform has gone by many names, including Obama Care or the Affordable Care Act, which was signed into law in 2010 by the administration of former President Barack Obama to ensure that affordable health care and insurance for quality are available to Americans, either through their employer or through the government. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay We can't talk about health care reform without talking about the Affordable Care Act (ACA). The Affordable Care Act was intended to make drastic changes to the healthcare industry here in the United States. Currently, we have seen many of these changes, which simply means that the promises of the ACA are already in effect and more such changes may be introduced in the coming years. The idea of ​​health care reform stems from years of high health care costs and discrimination against people with pre-existing conditions, including the elderly. Primarily, people employed in the United States have the option of benefiting from group health insurance through their employer. But for those unfortunate people who don't have the luxury of having insurance through their employer, the cost of health insurance can sometimes become expensive and stressful. However, because of the Affordable Care Act, today, millions of working-class and middle-class families will no longer have to worry about the high cost of their hospital visit. Likewise, other Americans who already had health insurance now have better coverage because certain regulations accompanying the Affordable Care Act prohibit certain discriminatory acts, such as women being charged higher premiums. higher than men for the same plan, that people with pre-existing conditions are charged higher premiums than men. are denied coverage and young adults age out of their parents' policy when they turn 19 or graduate from college. Additionally, the impact of health care reform on health care financing can be seen in the restrictions that the Affordable Care Act placed on insurance companies and their sometimes-unreasonable premium increases. As of early 2014, insurance companies could not raise premiums for infants or children due to a pre-existing illness or disability and for adults who previously could not get coverage due to illness pre-existing and who had no insurance for 6 years. months or more could now benefit from insurance. Before health care reform was implemented in the United States, the cost of health care kept increasing, affecting many people and costing the country too much in medical bills. High costs make the U.S. health care system cost up to twice as much per person as any other developed country. A simple truth about health care reform is that, although its financial impact varies depending on an individual's age and immediate health status, health care reform affects.