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What is the Obama health care bill?
The Affordable Care Act, which is also referred to as ACA or Obamacare, was signed into law by President Barack Obama in 2010. The act was a major overhaul of the U.S. healthcare system, reducing the amount of uncompensated care the average family pays for.
What was the goal of Obama’s healthcare reform bill?
The primary objective of health care reform is to provide healthcare coverage for all (currently uninsured) Americans universally and to decrease the costs of health care services and coverage.
What did the Obamacare Act do?
Key Takeaways. It was designed to extend health coverage to millions of uninsured Americans. The act expanded Medicaid eligibility, created a Health Insurance Marketplace, prevented insurance companies from denying coverage due to pre-existing conditions, and required plans to cover a list of essential health benefits.
What did Obamacare change?
The ACA significantly changed the healthcare system in the U.S. by reducing the amount individuals and families paid in uncompensated care. The act requires every American to have health insurance and provides assistance to those who cannot afford a plan.
Who benefits from ObamaCare?
Under ACA, premium subsidies were made available to those who made between 100 percent and 400 percent of the federal poverty level and buy insurance through an exchange.
Where did the money for ObamaCare come from?
To help offset the cost of the law, the ACA contains a revenue-raising provision that would place an excise tax on high-cost insurance plans, beginning in 2018. Most Americans receive health insurance through their employer and the cost of employer-sponsored health insurance is currently excluded from taxation.
What is the Obamacare healthcare bill?
The Obamacare Healthcare bill is a bill enacted to grant more rights to Americans who struggle to obtain health insurance. ObamaCare offers subsidies to low and middle income Americans to aid them in obtaining affordable quality health insurance and also does things like expand Medicaid to almost 20 million more Americans.
What are the 10 essential health benefits under Obamacare?
The Affordable Care Act (“Obamacare”) requires all major medical plans sold today to cover 10 essential health benefits: outpatient care, emergency services, hospitalization, pediatric care (including vision and dental), lab services, rehabilitative care, maternity care, mental health care, prescription drugs & preventive care.
What is in the Obamacare health care plan?
The ObamaCare Health Care Plan. Obama’s plan for healthcare reform outlined what would be in the current Obama healthcare law. The Affordable Care Act is packed full of changes to the way insurance works and the healthcare system to give Americans more benefits, rights, and protections.
What is the Obama health care plan (ACP)?
The Obama Health Care Plan or Obama Care Plan is a plan for health care reform in the US. This plan was presented as a new health care bill which was signed the law by President Obama in 2010. The law is officially titled the Patient Protection and Affordable Care Act 2010 and is sometimes called “ObamaCare” or the Affordable Care Act for short.