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.