Definitions for affordable care act
af·ford·able care act

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1. Affordable Care Act

   The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act of 2010 amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the enactment of Medicare and Medicaid in 1965.The ACA's major provisions came into force in 2014. By 2016, the uninsured share of the population had roughly halved, with estimates ranging from 20 to 24 million additional people covered. The law also enacted a host of delivery system reforms intended to constrain healthcare costs and improve quality. After it went into effect, increases in overall healthcare spending slowed, including premiums for employer-based insurance plans.The increased coverage was due, roughly equally, to an expansion of Medicaid eligibility and to changes to individual insurance markets. Both received new spending, funded through a combination of new taxes and cuts to Medicare provider rates and Medicare Advantage. Several Congressional Budget Office (CBO) reports said that overall these provisions reduced the budget deficit, that repealing ACA would increase the deficit, and that the law reduced income inequality by taxing primarily the top 1% to fund roughly $600 in benefits on average to families in the bottom 40% of the income distribution.The act largely retained the existing structure of Medicare, Medicaid, and the employer market, but individual markets were radically overhauled. Insurers were made to accept all applicants without charging based on preexisting conditions or demographic status (except age). To combat the resultant adverse selection, the act mandated that individuals buy insurance (or pay a fine/tax) and that insurers cover a list of "essential health benefits". Before and after enactment the ACA faced strong political opposition, calls for repeal and legal challenges. In National Federation of Independent Business v. Sebelius, the Supreme Court ruled that states could choose not to participate in the law's Medicaid expansion, but upheld the law as a whole. The federal health insurance exchange, HealthCare.gov, faced major technical problems at the beginning of its rollout in 2013. Polls initially found that a plurality of Americans opposed the act, although its individual provisions were generally more popular. By 2017, the law had majority support. The Tax Cuts and Jobs Act of 2017 set the individual mandate penalty at $0 starting in 2019. This raised questions about whether the ACA was still constitutional. In June 2021, the Supreme Court upheld the ACA for the third time in California v. Texas.

How to pronounce affordable care act?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

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   Zira

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   Oliver

   British

   Wendy

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   Tessa

   South African

How to say affordable care act in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of affordable care act in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of affordable care act in Pythagorean Numerology is: 4

Examples of affordable care act in a Sentence

1. Services Secretary Sylvia Burwell:

   Today, thanks to the Affordable Care Act (ACA), middle class families have more security, and many of those who already had insurance now have better coverage, in part due to the ACA, households, businesses and the federal government are now seeing substantial savings.

2. President Barack Obama:

   This is not about the Affordable Care Act as legislation, or Obamacare as a political football. This is healthcare in America.

3. John Bartholomew:

   We’ve seen numerous other states that didn’t expand affected because of this (Affordable Care Act) mandate.

4. Zack Buck:

   In terms of long-term stability of the Affordable Care Act, I don't see this as a major threat, but of course, Affordable Care Act matters individuals who depend upon this care.

5. Xavier Becerra:

   COVID-19 has made one thing undeniable : We must safeguard the Affordable Care Act — lives depend on it, as if on cue, the Trump Administration cavalierly continues its march to dismantle the ACA and strip Americans of their health care. We will do everything we can to defeat this unprecedented assault on a critical federal law by a sitting president.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Affordable_Care_Act