Effects of Healthcare Reforms on the Insurance Industry in the US (Essay Sample)

Effects of Healthcare Reforms on the Insurance Industry
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Effects of Healthcare Reforms on the Insurance Industry
Lacking health insurance is associated with decreased delays in receiving care, access to care, and subsequent adverse health outcomes. Healthcare reforms have affected the insurance industry, changing everything from the plans to how insurance firms interrelate with their clients and healthcare providers. This essay analyses the impacts of healthcare reforms on the insurance industry, particularly the shift toward value-based care, reforms to the available policy alternatives, and a higher focus on patient commitment and consumption.
The transposition toward value-based care has significantly impacted the insurance industry due to healthcare reforms. It emphasizes enhancing patient outcomes and decreasing costs by gratifying better results and high-quality care, contrary to giving more medical services (Duggan et al., 2019). Insurance companies have been urged to change their business models to harbor this paradigm by investing in new technology and data analytics to evaluate patient outcomes and identify gaps for improvement.
The Affordable Care Act seeks to reduce the percentage of the population without health insurance. These goals will be completed by expanding Medicaid, creating