b'Word Associate News What Does Artificial IntelligenceThink About Obamacare?preventive care, mental health services, and prescrip- In conclusion, the ACA has had a significant impact tion drugs. Additionally, the law prohibited insurerson healthcare benefits in the United States, particular-from denying coverage or charging higher premiumsly through the expansion of Medicaid and establish-based on pre-existing conditions. ment of health insurance marketplaces. The law has Overall, the ACA has had a significant impact on led to improvements in access to care, affordability the U.S. healthcare system. According to a report byof care, and health outcomes. However, the ACA has the Commonwealth Fund, the uninsured rate among faced ongoing challenges and criticisms, particularly nonelderly adults decreased from 20% in 2010 toaround the affordability of health insurance premiums. 12.4% in 2018, thanks in large part to the ACA. ThePolicymakers will need to continue to work to address report also found that the ACA led to improvements these challenges and ensure that all Americans have in access to care, affordability of care, and health access to affordable, high-quality healthcare.outcomes, particularly for low-income individuals DTLs Follow-up Request: In one paragraph, tell me and those with chronic conditions. how much the Affordable Care Act adds to healthcare However, the ACA has faced ongoing challenges andspending each year and how healthcare spending in criticisms, particularly around the affordability of2023 compares to healthcare spending in 2010.health insurance premiums. According to a report byChatGPTs Response: The Affordable Care Act the Kaiser Family Foundation, the average monthly(ACA) has had a significant impact on healthcare premium for a benchmark silver plan on the ACAspending in the United States. According to the marketplace increased by 34% from 2017 to 2021.Centers for Medicare and Medicaid Services, the This increase is due in part to the repeal of the indi- ACA is projected to increase healthcare spending by vidual mandate, which required individuals to havean average of 1.3% per year from 2019 to 2028, with health insurance or pay a penalty. total healthcare spending expected to reach $6.2 tril-Furthermore, the ACA has faced legal challenges,lion by 2028. However, its worth noting that the ACA including a recent Supreme Court case in which thehas also implemented cost-containment measures court upheld the law but struck down a provision thatand introduced payment models that reward quality required insurers to cover contraceptives for employ- of care rather than quantity of services, which may ees of certain religiously affiliated organizations. help to reduce healthcare spending in the long run. Healthcare spending in 2023 is expected to be signifi-Despite these challenges, the ACA has had a cantly higher than healthcare spending in 2010, with significant impact on healthcare benefits in the estimates suggesting that total healthcare spending in United States. The expansion of Medicaid and 2023 will be around $5.5 trillion, compared to $2.6 establishment of health insurance marketplaces trillion in 2010. However, the rate of growth in health-have provided millions of Americans with accesscare spending has slowed since the implementation ofto healthcare. The requirement that insurers cover the ACA, with spending increasing at an average rate essential health benefits has also improved the of 4.6% per year from 2010 to 2019, compared to anIf you have questions quality of healthcare for many individuals. average of 6.9% per year from 2000 to 2010. about this article or Despite the ACAs successes, the law has faced ongo- would like to discuss your ing challenges, particularly around the affordability ofcompanys health insurance health insurance premiums. Policymakers will needprogam, feel free to contact to continue to address these challenges and work tome at (801) 263-8000 or improve the U.S. healthcare system for all Americans. info@wmimutual.com SWPMA News / Scholarship 202347'