A lot of folks think that 2014 is when the Affordable Care Act will really kick into effect, and yes, that is when the health insurance Exchanges will become fully operational. And yes, those are a big part of the ACA. But, they’re not the whole thing!
Many great things have already happened in the years since the law was implemented, including small business tax credits, a new coverage option for uninsured folks with pre-existing conditions, free preventive care, and allowing young people to stay on their parents’ plan until the age of 26.
And, 2013 will be no exception! There are more good things in store for us this year. Here is a roundup of some of what’s to come:
- More subsidies for seniors who hit the donut hole: Seniors who hit the Medicare Part D coverage gap will now get federal subsidies for brand-name prescriptions (in addition to the 50% manufacturer brand-name discount that went into effect in 2011).
- Improving Preventive Care: State Medicaid programs that offer free or low cost preventive services will get increased federal funding to do so. This means that low-income folks in many states will have better access to vaccinations, tests like colonoscopies and mammograms and routine screenings for high blood pressure, diabetes, and cholesterol.
- Increased Medicaid payments to doctors: On January 1st, Medicaid payments for primary care doctors were brought up to Medicare levels. In New York, this will mean an estimated increase of 156% in Medicaid payments to doctors and will help to ensure low-income New Yorkers have sufficient access to doctors. For more info on this, check out the Kaiser Family Foundation report titled, “How Much Will Medicaid Physician Fees for Primary Care Rise in 2013? Evidence from a 2012 Survey of Medicaid Physician Fees”
- CHIP funding will be extended: the ACA will authorize funding for the Children’s Health Insurance Program (CHIP) through 2015 (extended from 2013). In New York, this program is called Child Health Plus. This will allow roughly 400,000 kids in New York to keep their free or low-cost health insurance.
Of course, not all of the ACA changes happening in 2013 will be a clear-cut “goody.” 2013 will also see a number of tax changes, including an increase in Medicare taxes for higher income earners (in order to boost up the Medicare trust), an exise tax of 2.3% on the sale of medical devices, and changes to FSA limits. For a full list of changes, check out the Kaiser Family Foundation’s Implementation timeline.