My understanding of health care reform is basic. However, from my research on the impact it has on healthcare finance, I would say that healthcare reform is a government and political initiative introduced to reduce the high costs of healthcare and make it accessible to all. Healthcare reform has earned many names including Obama Care or Affordable Care Act, was enacted in 2010 by former President Barack Obama's administration as a means to ensure that quality, affordable healthcare and insurance are accessible to Americans through the their employer or the government. We say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay You can't talk about healthcare 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. We have now seen many of these changes, which only means that the promises of the ACA are already in place and that other similar changes could be introduced in the coming years. The idea for healthcare reform was born out of years of high healthcare costs and discrimination against people with pre-existing conditions, including the elderly. First, people who work in the United States have the option of receiving group health insurance from their employer. But for the unfortunate ones 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- and middle-class families will no longer have to worry about the high cost of their hospital visit. And similarly, other Americans who already had health insurance now have better coverage because some regulations that accompanied the Affordable Health Care Act prohibit certain discriminatory acts such as charging women higher premiums. compared to men for the same plan, that people with pre-existing conditions are denied coverage, and young adults age out of their parents' policy when they turn 19 or graduate from college. Furthermore, the impact of healthcare reform on healthcare finance can be seen in the restrictions that the Affordable Care Act placed on insurance companies and their sometimes-unreasonable increases in premiums. As of early 2014, insurance companies could not increase premiums for infants or children because of a pre-existing condition or disability and for adults who previously could not get coverage because of a pre-existing condition and who had not had insurance for 6 years. months or more now they would get insurance. Before the implementation of healthcare reform in the United States, the cost of healthcare continued to rise, affecting many people and costing the country too much in medical expenses. High costs have made the U.S. healthcare system cost up to twice as much per capita as any other developed country. A simple truth about healthcare reform is that, although its financial impact varies based on an individual's age and immediate health status, healthcare reform affects virtually all Americans. Technically, the Affordable care Act has fully delivered on all its promises. Because its goal of increasing the number of insured Americans and increasing the quality of care while seeking to stabilize or reduce.