The official name for “ObamaCare” is the Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA) for short.
- The ACA was signed into law to reform the health care industry by President Barack Obama on March 23, 2010 and upheld by the Supreme Court on June 28, 2012.
- Obamacare’s goal is to give more Americans access to affordable, quality health insurance and to reduce the growth of health care spending.
- Another primary goal of Obamacare is the expansion of coverage to individuals who were previously unable to purchase insurance due to pre-existing conditions.
- The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through subsidies, taxes, and insurance exchanges.
- ObamaCare does not replace Private Insurance, Medicare or Medicaid.
- ObamaCare doesn’t regulate your health care; it regulates health insurance.
Benefits of ObamaCare
- Allows children to stay on their parents plan until age 26.
- Insurance companies can no longer deny you coverage or charge you more due to your health condition or status.
- Requires all insurance companies to cover pre-existing conditions.
- You can no longer be dropped from your coverage due to injury or illness.
- Prevents gender discrimination.
- Provides assistance to help subsidize the cost of your health care.
- Provides tax breaks to small businesses.
- Requires large business to provide insurance.
- No more annual or life-time dollar limits.
- Making it easier for children to get on CHIPS.
- Improved Medicare for seniors.