In a nutshell, the Affordable Care Act (aka Obamacare) is a national healthcare plan for American citizen’s that aims to increase the accessibility and quality of health insurance for those who financially struggle with obtaining proper health care. In a hope to greatly increase the affordability of health insurance the Affordable Care Act offers a range of regulations that will ultimately help American citizens struggling to receive sufficient medical care. To help you get a better idea of what Obamacare is, take a quick look at some of the changes that the Affordable Care Act has put in place:
• Insurance companies can no longer drop your coverage when you are sick.
• The Affordable Care Act protects against gender discrimination.
• Those who can normally afford health insurance must now obtain health coverage or they will pay a monthly fee.
• Larger businesses/employers must provide coverage to their employees.
• Subsidizes insurance so that millions of struggling individuals and families can now obtain free or low-cost health insurance.
• Those who make less annually will receive deductions and will pay less for health insurance than those who receive higher pay annually.
• Nearly 82% of uninsured young adults will now be able to afford quality health care through Medicaid and federal subsidies.