Affordable Care Act Flashcards, test questions and answers

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What is Affordable Care Act?

The Affordable Care Act (ACA) is a healthcare reform law that was signed into law by President Barack Obama in 2010. The main purpose of the ACA was to expand access to health care coverage, reduce the cost of health care, and improve the quality of health care for millions of Americans. It did this by creating more affordable options for individuals and families to purchase health insurance, expanding Medicaid programs in many states, and providing tax credits for those who could not otherwise afford coverage. In addition to providing greater access to healthcare, the ACA also required employers with 50 or more employees to provide coverage or face penalties. This provision helped make sure that most Americans have some form of health insurance coverage. Additionally, insurers are now barred from denying coverage due to pre-existing conditions or charging higher premiums based on gender or age. The ACA also provides funding for community-based preventive services such as screenings for cancer and diabetes, as well as mental health counseling services. The Affordable Care Act has received both praise and criticism since its introduction. Supporters point out that it has enabled millions of Americans to gain access to quality healthcare at a lower cost than before the law was enacted. Furthermore, it has allowed many people who were previously unable to obtain insurance because they had pre-existing conditions now enjoy better coverage than before. Critics argue that the ACA’s regulations increase costs for businesses and drive up premiums for consumers who do not qualify for subsidies or Medicaid expansion in their state. They cite increasing premiums and deductibles as one example of this effect on consumers’ wallets. Overall though ,the Affordable Care Act is an important piece of legislation that has enabled millions of Americans with limited resources gain access to quality healthcare at a reasonable price. While there are some areas where improvement can be made ,it remains an important achievement in expanding access and improving affordability in our nation’s healthcare system .