The informal name for a national health care plan
focused on creating better access
to affordable coverage
in the US. It was signed into law in March of 2010 as The Patient Protection
and Affordable Care Act. Among other important things, Obamacare creates exchanges where Americans can shop
for different plans and see if they qualify for certain health care subsidies.
Why Is It Important?
Obamacare, also known as the Affordable Care Act (ACA), is a recently passed health care policy proposed and supported by President Barack Obama. The act's primary objective is to make quality health insurance more affordable and available to the American public.
It also requires that insurance
companies have minimum standards and rates regardless of pre-existing conditions, which was a big complaint
about United States health care system
in the past. People will also be charged a fee or penalty
if they do not have health care insurance coverage.