Affordable Care Act (Obamacare)

By Employer Benefits, Inc.

August 15, 2022

The Affordable Care Act (ACA)—also more popularly known as Obamacare—is a United States law that former United States president Barack Obama enacted in March 2010. Its endorsed name is the Patient Protection and Affordable Care Act, and the goal of the ACA was to provide affordable healthcare coverage for all Americans. The act was a hot-button topic for a while and was met with widespread praise and derision. If you want to find out more info about the ACA and its benefits, keep reading below.

What is the Affordable Care Act?

The Patient Protection and Affordable Care Act is a healthcare reform law enacted in 2010. The law’s primary goal is to make healthcare more affordable and accessible for all Americans. To achieve this, the law requires all citizens to have health insurance and provides subsidies to help make coverage more affordable.

The law also expanded Medicaid eligibility, making low-income Americans eligible for government-sponsored health insurance. In addition, the law also requires insurers to provide coverage for people with pre-existing conditions. The law also allowed children to remain on their parent’s health insurance plan until they turn 26 years old.

The Affordable Care Act was a controversial law when it was first enacted, and it remains divisive today. Supporters of the law argue that it has helped millions of Americans access quality healthcare. On the other hand, critics say that the law is too costly and has led to higher premiums and deductibles.

As a result of these provisions, millions of Americans can obtain health insurance coverage which would not have had otherwise. While the law has faced some challenges, it has helped to make healthcare more affordable and accessible for millions of Americans.

Benefits of the Affordable Care Act?

Several benefits come with the Affordable Care Act. Perhaps the most crucial advantage is it has helped increase the number of Americans with health insurance. Before the ACA, millions of Americans did not have health insurance because they could not afford it or had pre-existing conditions that made them ineligible for coverage.

The ACA has helped to increase the number of Americans with health insurance by expanding Medicaid eligibility and providing subsidies to help make coverage more affordable. As a result, millions of Americans can obtain health insurance coverage, which they may not have been able to do under normal circumstances.

Affordable Care Act (Obamacare)
Source: https://twitter.com/barackobama/status/790573868335308801

Aside from increasing the number of Americans with health insurance, the ACA has also helped to make coverage more affordable. The law mandates that insurers give coverage to people with pre-existing conditions, and it also provides subsidies to help make coverage more affordable.

Who is Eligible?

Almost all Americans are eligible for the Affordable Care Act. The only Americans who do not qualify for the ACA are undocumented immigrants. All other American citizens and legal residents are eligible for coverage. If you are an American, you can obtain health insurance through the ACA marketplace. You may also be eligible for Medicaid if you meet the income requirements.

If you are uncertain of your qualification, visit healthcare.gov to learn more. The website will help you to determine if you are eligible for coverage and, if so, what measures you need to take to obtain coverage.

Need professional assistance?

Employer Benefits, Inc. has been in the health insurance business since 1957. They continue to provide top-notched and affordable plans across Reno, NV. Call us today for a FREE Quotation at 775-786-6381.

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