The Affordable Care Act
The Affordable Care Act (ACA), enacted in 2010, is a U.S. law aimed at improving healthcare access and affordability. It allows more people to obtain health insurance, particularly through subsidies for low- and middle-income individuals. The ACA established health insurance marketplaces, expanded Medicaid, and implemented protections for pre-existing conditions, ensuring that insurers cannot deny coverage based on health status. It also requires most Americans to have insurance or pay a penalty, promoting broader coverage. Overall, the ACA aims to reduce the number of uninsured Americans and lower healthcare costs.
Additional Insights
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The Affordable Care Act (ACA), enacted in 2010, aims to increase healthcare access and affordability for Americans. It requires individuals to have health insurance and offers subsidies to help low- and middle-income families purchase coverage. The ACA also expanded Medicaid, allowing more people to qualify for this program. Key provisions include protections for those with pre-existing conditions, allowing children to stay on their parents’ plans until age 26, and implementing essential health benefits that insurance plans must cover. Overall, the ACA seeks to reduce the number of uninsured individuals and improve the quality of healthcare in the U.S.