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One constant news topic for several years now has been the Affordable Care Act, or as it is famously known as, Obamacare. You may have seen it on TV or in a news article online, but do you know what the affordable care act is or why it is important or not? Getting to know what exactly the Patient Protection and Affordable Care Act is will help grasp what the future of the act will be.
Introduction to the ACA
This topic has played a major role in politics recently and it is good to have a background on what exactly the affordable care act is so that you can understand why people are for it or against it.
The story begins…
During his presidency campaign for the 2008 election, Barack Obama’s cornerstone was to provide healthcare to all Americans. He was not the first to propose this, as many former presidents unsuccessfully tried to present a similar idea.
The Affordable Care Act started its journey in March of 2010 with former president Obama signing the Patient Protection and Affordable Care Act into law. For the next 3-4 years, the act went through some hurdles and finally cleared in June of 2012 when the Supreme Court upheld some of the provisions of the health care law. By 2014, major provisions went into effect and it became “the largest middle-class tax cut for health care.”
By definition
The Affordable Care Act is the healthcare reform passed in March 2010 by former President Barack Obama and the 11th Congress.
Here are the three main focuses:
- Provide affordable health insurance to uninsured Americans
- Expand Medicaid to cover Americans that have an income below 138% of the federal. poverty level. The Medicaid programs in some states have yet to expand their programs.
- Eliminate industry practices including denial of coverage due to a pre-existing condition.
It also supports innovative medical care delivery methods that were designed to lower the general costs of health care.
Keep Your Company in Compliance with ACA
If you are a company of 50 or more full time employees, you may be penalized for not offering afford health care. Let Building Blocks for Business guide you through the Affordable Care Act with their plan coverage for ACA. Learn more today!
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