Affordable Care Act (ACA)
What is the Affordable Care Act (ACA)?
The Affordable Care Act (ACA), sometimes called “Obamacare,” was introduced by former President Barack Obama in 2010 with three main objectives:
-
Increase accessibility to affordable health insurance. Under this, the law offers subsidies to households that have an income of 100%-400% of the federal poverty level (FPL).
-
Support innovation in care delivery to lower healthcare costs.
-
Expand Medicaid to cover individuals with an income under 138% of the FPL.
Why is the Affordable Care Act (ACA) important to healthcare?
The Affordable Care Act is important to healthcare because it controls increasing healthcare costs, expands healthcare insurance coverage and improves healthcare quality. The success of this ensures that more individuals in the U.S. can access and afford effective healthcare services.