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Sep 23, 2022 · The ACA was designed to reform the health insurance industry and help reduce the cost of health insurance coverage for individuals who qualify. The law includes premium...
- Will Kenton
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and colloquially as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
Since 2010, The ACA has given more than 40 million Americans access to health care, expanded Medicaid to 40 states to cover 21 million low-income adults under 65, and protected as many as 133 million with pre-existing conditions from losing their health insurance.
Mar 17, 2022 · The Patient Protection and Affordable Care Act, referred to as the Affordable Care Act or “ACA” for short, is the comprehensive health care reform law enacted in March 2010. The law has 3 primary goals: Make affordable health insurance available to more people.
- Assistant Secretary For Public Affairs (ASPA)
- 20 million fewer Americans are uninsured. The ACA generated one of the largest expansions of health coverage in U.S. history. In 2010, 16 percent of all Americans were uninsured; by 2016, the uninsured rate hit an all-time low of 9 percent.
- The ACA protects people with preexisting conditions from discrimination. Prior to the ACA, insurers in the individual market routinely set pricing and benefit exclusions and denied coverage to people based on their health status, a practice known as medical underwriting.
- Medicaid expansion helped millions of lower-income individuals access health care and more. To date, 36 states and Washington, D.C., have expanded Medicaid under the ACA, with 12.7 million people covered through the expansion.
- Health care became more affordable. The ACA’s signature health insurance marketplaces—portals for people purchasing coverage on their own—launched in fall 2013 and made financial assistance for private coverage newly available.
It has been nine years since the Patient Protection and Affordable Care Act (ACA), often informally referred to as Obamacare, was signed into law. The act brought about the most significant expansion of and change to U.S. health insurance coverage since the formation of Medicare in 1965.
Mar 2, 2016 · On March 23, 2010, President Obama signed the Affordable Care Act (ACA) into law, putting in place comprehensive reforms that improve access to affordable health coverage for everyone and protect consumers from abusive insurance company practices.
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related to: What did the Affordable Care Act do?Explore Our $0 Preventive Care with No Deductible or Out-Of-Pocket Costs. Apply Now! Finding The Right Coverage Is Easy with Anthem®. Sign Up For Coverage Now.
The Health Insurance Marketplace offers a variety of plans to fit your budget. New law expands financial help. 4 out of 5 customers find plans for $10 or less!