ACA (Affordable Care Act)

The Affordable Care Act (ACA), enacted in 2010, aimed to improve healthcare access and affordability in the United States. It mandated that most Americans have health insurance and created health insurance marketplaces for consumers to shop for plans. The ACA also prohibited insurers from denying coverage due to pre-existing conditions and expanded Medicaid to cover more low-income individuals. Additionally, it required insurance plans to cover essential health benefits. Overall, the ACA sought to reduce the number of uninsured Americans and control healthcare costs through various regulations and incentives for both insurance providers and consumers.