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2022 Neb. L. Rev. Bulletin 1 (2022)
The Affordable Care Act: Moral Hazard, Adverse Selection, Challenges, Alternative Proposals, and Amendments in Health Insurance Law

handle is hein.journals/nelrvbu2022 and id is 134 raw text is: The Affordable Care Act: Moral Hazard, Adverse Selection, Challenges, Alternative Proposals, and Amendments in Health Insurance Law Paige Ross' The Patient Protection and Affordable Care Act (ACA), or Obamacare, is a comprehensive health care reform law passed in March 2010 with three primary goals: make affordable health insurance available to more people, expand the Medicaid program to cover all adults with income below 138% of the FPL (federal poverty level), and support innovative medical care delivery methods designed to lower the costs of health care generally.2 The ACA works to protect people in numerous ways including: requiring insurance plans to cover people with pre-existing health conditions (including pregnancy) without charging more, providing free preventive care, giving young adults more coverage options, ending lifetime and yearly dollar limits on coverage of essential health benefits, holding insurance companies accountable for rate increases, and making it illegal for health insurance companies to cancel your health insurance just because you become sick.3 The law also allocates additional benefits and rights to mental health and substance abuse services as well as the right to appeal a health plan decision.4 The ACA also instituted several policies to stabilize premiums and encourage enrollment among healthy individuals including such things as tax credits and cost-sharing subsidies for those who would otherwise remain uninsured.5 The design of the law's premium tax credits makes 1 J.D. Candidate, 2022, University of Nebraska College of Law. 2 Affordable Care Act (A CA) https://www.healthcare.gov/glossary/affordable-care-act/. 3 Health Coverage Rights and Protections https://www.healthcare.gov/health-care-law-protections/. n Id. s Christine Ebner & Evan Saltzman, Assessing Alternative Modifications to the Affordable Care Act: Impact on Individual Market Premiums and Insurance Coverage, RAND HEALTH QUARTERLY (2015) https://www.rand.org/pubs/periodicals/health-quarterly/issues/v4/n4/04.html. 1