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Pros And Cons Of The Affordable Care Act

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The Affordable Care Act or ACA (often called ObamaCare) was signed into law on 23 March 2010 by President Obama. The ACA is a vastly wide-ranging piece of legislation which touches on many facets of our health care system. It is comprised of the Affordable Health Care for America Act, the Patient Protection Act, and the Health Care and Education Reconciliation Act. This act is known as being one of the most comprehensive reforms of the United States medical care system in the last several decades, as it put in place broad transformations that are supposed to increase access to reasonably priced health insurance for everyone. The ACA renovates the non-group insurance market in the United States, dictates citizens have health insurance, considerably expands public insurance, subsidizes private insurance, increases revenues from an assortment of new tax laws, and lessens and restructures spending under the country's largest health insurance plan, Medicare. …show more content…

Another 129 million with known pre-existing medical conditions will no longer have to worry about being denied health insurance or higher premiums due to their health. In addition, health insurance companies have to spend at a minimum of 80% of your premium on actual health care. If an insurance company cannot accommodate the 80%, then they have to issue rebates to their consumers. The ACA has aided millions with financial assistance to lower their monthly insurance premiums. Since the enactment of the ACA, this is the slowest health care rates have risen in over five

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