The Affordable Care Act was enacted into law thirteen years ago by former president Barack Obama. To mark the event, President Joe Biden spoke at the White House today.
The Patient Protection and Affordable Care Act, also referred to as ObamaCare informally, is a federal law that was passed on March 23, 2010, and it has three main goals:
More people should have access to cheap health insurance.
Include all adults who earn less than 138 percent of the federal poverty threshold in Medicaid. Support cutting-edge medical care delivery strategies to bring down the total cost of healthcare (FPL).
After thirteen years, it is evident that the Republicans were incorrect and the advocates of the ACA were right. In fact, the nation’s uninsured rate has never been lower than it is now, and it’s all because of the reform law.
Equally significant is the fact that health insurance has never been cheaper than it is now. Democrats included lavish new ACA subsidies in the party’s American Rescue Plan in 2021, with some consumers’ premiums falling to nearly or literally zero as a result of the relief package’s investments.
The ACA is effective, popular, affordable, advancing, has withstood far too many legal challenges, and no longer has a target placed on its back by Republicans. To the benefit of tens of millions of American families, this dynamic was difficult to predict thirteen years ago, but it is now reality.
CWEBÂ has provided some information for this story.
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