NUR-550 Benchmark – Diverse Population Health Policy Analysis Medicaid health policy provides health coverage for low-income Americans, including seniors, children, people living with disabilities, pregnant women, and parents (Van Dover et al., (2021).

NUR-550 Benchmark – Diverse Population Health Policy Analysis Medicaid health policy provides health coverage for low-income Americans, including seniors, children, people living with disabilities, pregnant women, and parents (Van Dover et al., (2021).

There exist different healthcare policies meant to enhance the delivery of quality healthcare. Some of the current healthcare policies include Affordable Care Policy, Medicare program, Medicaid, Children’s health insurance program, Patient Safety, and Quality Improvement Act. The main purpose of healthcare policies and procedures is to facilitate standardization in healthcare operational activities. Healthcare policies are critical or essential in providing correct procedures to be followed when dealing with issues as well as activities that are important to health and safety. The Affordable Care Act is one of the major current healthcare policies that has transformed the healthcare industry. The Affordable Care Act was passed and signed into law in the year 2010 (Barr, 2016). The policy aimed at providing affordable health insurance coverage to the entire American population. Affordable Care Policy was also created to protect healthcare consumers from costly private insurance companies and would sometimes put restrictions on the healthcare services for the patients. Over the years, millions of Americans have been able to benefit from the Affordable Care policy. Millions of Americans have experienced a significant reduction in healthcare costs. Before the implementation of the Affordable Care Policy, poor Americans could not get effective insurance coverage.  The purpose of the paper is therefore to examine the ACA and its attendant cost-effectiveness, relationship to other policies and advocacy strategies.

How the Affordable Care Policy Was Designed to Improve Cost-Effectiveness

And Health Care Equity for the Population

The Affordable Care Act was designed to enhance healthcare equity. The affordable Care policy was mainly designed to significantly reduce the differences in health outcomes among ethnic, racial, as well as primary language groups (Eichten, 2018). In other words, the policy was meant to address disparities in healthcare delivery and enhance the provision of healthcare to all the population irrespective of the level of income. The major goals of the Affordable Care Act included a reduction in healthcare costs, expansion of healthcare coverage, general improvement in healthcare quality, and population health. These factors were incorporated to reduce health disparities. With the reduced costs and expansion of coverage, ACA was meant to achieve healthcare equity for all the population. Different provisions of the Affordable Care Act directly impact insurers who have been forced to expand the number of people under the cover as well as the conditions under coverage.

To expand healthcare coverage and ensure reduced costs, Affordable Care Act created marketplaces called exchanges where people from different social-economic statuses could purchase health insurance and define their financial aid or assistance eligibility. There are three major types of marketplaces in ACA (Glied & Jackson, 2017). These marketplaces include state-based marketplaces, federal-based marketplaces, as well as state-partnership marketplaces. Since its inception in the healthcare industry, millions of Americans have been able to obtain medical services at a reduced cost. Also, the treatment of some diseases has been fully covered by Obamacare.

Financial Sustainability

Affordable Care Policy is financially sound. Before implementation, it was estimated that Obamacare would reduce the national debt by $140 billion. Also, it was established that the whole policy cost $940 billion considering all the factors that were to be included (Laureate Education, 2018). After the analysis, the non-partisan Congressional Budget Office established the policy was effective given its ability to reduce the national budget. Also, The Healthcare and Education Reconciliation Act passed Obama taxes as well as budget cuts in different areas, which generally generated more funds for implementing ACA. Given the effective balance of the budget, there were more funds available to offset the cost of the plan. Affordable Care policy accounts for relevant ethical, legal, and political factors as well as nursing perspectives. All these considerations need to be put in place during the implementation. Specifically, the policy advocates for quality healthcare delivery, application of research and evidence-based practices in the treatment processes, as well as dignity and racial sensitivity in the treatment processes. Through continuous legislations, the policy account for the political factors as well as nursing perspectives. All these issues ought to be considered in the implementation process.

Significance of Affordable Care Policy

The Affordable Care Act is related to different state, federal, and global health policies or goals that have been created over the years. In particular, the Affor