The Affordable Care Act (ACA)

The Affordable Care Act (ACA), also known as Obamacare, is a U.S. law enacted in 2010 aimed at improving healthcare access and affordability. It mandates that everyone have health insurance, establishes health insurance marketplaces for comparison shopping, and provides subsidies for low-income individuals. The ACA also expands Medicaid eligibility and prohibits insurers from denying coverage based on pre-existing conditions. Its goals are to reduce the number of uninsured Americans and lower healthcare costs while improving health care quality. Overall, the ACA seeks to create a more sustainable and equitable healthcare system.