ObamaCare (the Affordable Care Act) is a US healthcare reform law that expands and improves access to care and curbs spending through regulations and taxes. The Affordable Care Act’s main focus is on providing more Americans with access to affordable health insurance, improving the quality of health care and health insurance, regulating the health insurance industry, and reducing health care spending in the US.
What does Obamacare do?
The Affordable Care Act does lots of important things including:
• Offering Americans a number of new benefits, rights, and protections in regards to their healthcare.
• Setting up a Health Insurance Marketplace where Americans can purchase federally regulated and subsidized Health Insurance during open enrollment.
• Expanding Medicaid to all adults in many states.
• Improving Medicare for seniors and those with long-term disabilities.
• Expanding employer coverage to millions of employees.
• Requiring most people to have coverage beginning since 2014 in order to get an exemption, or pay a fee.
• and introducing new taxes and tax breaks, among other provisions.
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