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:
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:
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.