Affordable Care Act

Affordable Care Act

The Affordable Care Act (ACA), also known as “Obamacare” was signed into law in 2010. Some people refer to the Affordable Health Care Act as “Obamacare” because it was signed into law by President Barack Obama. The Obamacare bill is the first substantial healthcare reform plan since 1965 when Medicare was introduced. The Affordable Care Act is aimed at making health care more affordable for American citizens through regulation and federal subsidies.

Even though Obamacare has been in effect for several years now, many people do not understand the law or how to navigate the Marketplace. That is where we come in – you can call our office and talk to an agent who can help guide your decision-making process.


A Few Key Points of the Obamacare Bill:

The Obamacare act is a 955-page document that establishes a lot of rules and regulations for the health insurance industry. The goal of Obamacare is to give more Americans access to affordable, comprehensive healthcare coverage and to reduce the growth of US health care spending. The following are a few of the key points from this law:

  • No-one can be excluded from getting insurance
  • Pre-existing conditions protections: you cannot be turned down or rated up based on your pre-existing conditions
  • Preventative Care is covered at no cost to you
  • The bill expands low-income care through expansions to Medicaid and federal health insurance subsidies

Clearing Up Some Misconceptions about Obamacare:

Some news sources have run inaccurate information about Obamacare, so here are a few of the most common misconceptions about the law:

  • Obamacare is not a healthcare plan; it’s a series of rules and regulations for the insurance industry, combined with expansions of federal programs and federal subsidies
  • The Obamacare bill does not give health-care subsidies to undocumented immigrants

Ultimately, Obamacare attempts to ensure that people who need access to a good healthcare plan can get it. The Affordable Health Care Act imposes regulations on the insurance industry that will end exclusionary tactics and improve overall access to health care.

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