The Affordable Care Act (also known as the Obamacare) is a US healthcare reform law that is designed to revolutionize America by providing affordable access to healthcare and health insurance. Aimed at reducing the expenditure on healthcare, the law contains many provisions, each designed to address different aspects of healthcare in the US.
Some of the core aspects of the ACA are the following:
Offer the benefit of affordable healthcare insurance to the citizens of America.
What it means for you
Short List of Common Obamacare Exemptions that ensures you don’t have to pay a penalty is as follows:
What else do I need to know?
Some of the less talked about but high-impacting changes brought upon by Obamacare are the elimination of pre-existing conditions and gender discrimination. No one can be charged more or be dropped from their health insurance coverage for health or gender-related reasons. The reforms brought by Obamacare expands Medicaid to over 15 million previously uninsured Americans. Mostly, this new health care law aims to reform the healthcare industry by cutting out waste, reallocating government funding, fixing what doesn’t work, and most of all, ensuring affordable healthcare for Americans.
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Also, you should visit the Health Insurance Marketplace℠ website at HealthCare.gov if:
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