The ACA is a health care law that ensures Americans have access to quality, affordable health coverage. It makes sure insurance companies can't deny coverage or charge more because of a pre-existing condition. It also provides subsidies to help people with limited incomes afford health insurance.
The Affordable Care Act
The Affordable Care Act (ACA), also known as Obamacare, is a law passed in 2010 to provide more Americans with access to affordable health insurance. Subsidies are financial assistance given to low-income individuals and families to help them pay for health insurance premiums. The Pre-Existing Condition Insurance Plan (PCIP) is a program administered by the government that provides health insurance to those who have been denied coverage due to a pre-existing condition.
Concepts:
Under the Affordable Care Act, you can stay on your parents' health insurance plan until you are 26. The Affordable Care Act requires insurance companies to spend at least 80% of their revenue on actual health care, leaving only 20% for overhead, profits, and marketing. The Affordable Care Act requires that health insurance companies must cover preventive care, such as check-ups and screenings, at no additional cost to you.
Did you know?
What are the main provisions of the Affordable Care Act?
What is the Affordable Care Act?
- A federal statute passed by the US Congress
- An executive order issued by President Obama
- A Supreme Court decision that ruled on a health care case
Which of the following is not one of the major provisions of the Affordable Care Act?
- Mandatory drug testing for all Americans
- The creation of state-based health insurance marketplaces known as exchanges
- Expanded Medicaid coverage for low-income individuals and families
What is the other name for The Affordable Care Act?
- Obamacare
- Trumpcare
- Romneycare
What was one of the main goals of The Affordable Care Act?
- To increase access to affordable health care for Americans.
- To limit access to health care services.
- To provide free healthcare services only to citizens who could not afford it.