The Affordable Care Act (ACA) also goes by the Patient Protection and Affordable Care Ac; also, in most cases, it is referred to as Obamacare. The act was passed in 2010 by Congress to make health insurance affordable for all the America citizens. It is very difficult to deny any American an insurance coverage under this Act or also dropping an individual for being a liability to the firm. The federal government established the Affordable care act with all the plans having the same amount of Essential Health Benefits Coverage. Examples of Essential Health Benefits include maternity, mental health service, lab work, among others while the government plans are of five types, which are: Bronze, Silver, Gold, Platinum, and Catastrophic. The mentioned plans provide equal coverage, but they differ when it comes to the price of the policy premium. In some premiums, individuals will pay more per month and less out of pocket, unlike the other ones.
The Obamacare act expected all the Americans to have health insurance as from 2014. Those who were not in a position to acquire one due to their low income were to buy a health plan with federal subsidies. Failure to acquire a health insurance plan was equal to getting a fine. This was made to ensure that all Americans have a health insurance plan. If the percentage of people who are not insured goes down, the cost of insurance will also go down; thus, insurance will be for all Americans. This is the reason why the Obamacare act has allowed most people to sign up for the insurance even after the deadlines.
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The act also prevents immigrants who come into the country illegally from obtaining the government resources to clear bills for their healthcare insurance even though no one is expected to prove his/her citizenship before getting the services.
