Question

List three ways that older adults are benefiting from the Affordable Care Act.

   List three ways that older adults are benefiting from the Affordable Care Act.
 
Aging Matters: An Introduction to Social Gerontology
Aging Matters: An Introduction to Social Gerontology
Nancy Hooyman, Kevin… 1st Edition
Chapter 13, Problem 16 ↓

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" This coverage gap in prescription drug plans used to require beneficiaries to pay a larger share of their drug costs, but the ACA has been gradually closing this gap, resulting in lower out-of-pocket costs for seniors.  Show more…

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List three ways that older adults are benefiting from the Affordable Care Act.
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Key Concepts

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Preventive Health Services
The Affordable Care Act places a strong emphasis on preventive care, requiring most health plans to cover preventive services without cost-sharing. This ensures that older adults have easier access to screenings, vaccinations, and other services that help detect and manage conditions early in their development, thereby promoting healthier aging and potentially reducing the need for more complex interventions later on.
Reduction in Prescription Drug Costs
One of the benefits for older adults from the ACA is the effort to reduce the cost burden of medications. Provisions such as closing the Medicare Part D coverage gap (often referred to as the 'donut hole') help lower out-of-pocket expenses on prescriptions, making essential medications more affordable for older adults who generally rely on multiple prescriptions to manage chronic conditions.
Enhanced Healthcare Affordability
The ACA includes measures that improve the overall affordability of healthcare for many, including older adults. This encompasses reforms aimed at increasing the competitiveness of health insurance markets, expanding subsidies for those who qualify, and implementing cost-control measures in both insurance and healthcare delivery. Such efforts help reduce financial barriers, enabling older adults to access necessary medical services without undue financial hardship.

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Medicare and Medicaid programs cover only part of an older person's medical expenses. What are 2 ways that older people cover the remaining costs? What are the major reasons for the rapid increase in health care costs? How does this affect the older population?

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