Health insurance has changed since the reversal of The ACA by President Trump. We are seeing changes in policies all throughout America due to this reversal. This is why it is important to stay updated on what laws might be affecting your health insurance. Let’s take a look at some specific laws that have affected insurance over the years.
Replacing the ACA
As mentioned previously, The ACA has been effectively reversed thanks to President Trump. However, there has not been anything that has been created to replace it. House Republicans are working on ways to incentivize Americans to sign up for health care. Unfortunately, The ACA dished out harsh penalties for people who did not sign up. We are seeing steady progress from our senators to create a proper replacement for The ACA. People are not receiving penalties for not signing up to the ACA anymore.
Mental Health Parity and Addiction Equity Act
Receiving mental health is incredibly important. There is a record number of individuals in The United States alone who suffer from some form of mental illness. Fortunately, the Mental Health Parity and Addiction Equity Act makes treatment more available to those who need it. Plans under the Parity Act make treatment facilities more affordable as recovery options for addictive behaviors.
The Health Information Technology for Economic and Clinical Health Act
This act was created specifically to improve our ability to utilize electronic health records over the years. HIPAA is an organization that ensures that all patient information is kept safe from prying eyes. However, the biggest detriment to this was that many hackers could easily gain access to private records online in the past. This law helps insurance companies remain compliant. This act would bolster our defenses online and allow us to continue storing patient information online without worry.
Laws are constantly being created that change the way that we go about our daily business. This is especially true for individuals who work in the medical field and require constant treatment. Making sure that you are up to date on the latest laws and how they are affecting you is important. There may come a time where you need to know specific information that could benefit you or detriment your situation.
Fortunately, this guide is a general overview of laws that have made an impact on the medical field. This impact also affects insurance plans that we use each day to receive medical care.