Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA) popularly known as Obamacare is a US law aimed at reforming the American health care system. It focuses on providing more Americans with access to affordable health insurance, improving the quality of health care and health insurance, regulating the health insurance industry, and reducing health care spending in the US. The signature health care programme was vetted by the country's supreme court, puts the US on a smarter and stronger course.
Below are the facts need to know about ObamaCare'
- The official name for "ObamaCare" is the Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA) for short.
- The ACA was signed into law to reform the health care industry by President Barack Obama on March 23, 2010.
- It was upheld by the Supreme Court on June 28, 2012.
- ACA aims is to give more Americans access to affordable, quality health insurance and to reduce the growth in US health care spending.
- The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms.
- It is estimated that 12 million people signed up for insurance within the framework of the health reform undertaken by the president making coverage compulsory for all, media reports said.
- It also mandates that Americans obtain insurance or pay a fine.