The Affordable Care Act (ACA) was signed into law by President Obama in 2010. The ACA was put into place so that American’s could have more affordable health insurance. When the ACA was enacted into law, the goal was to provide protection to the consumers by stopping insurers from denying care for pre-existing conditions and setting dollar limits on care. In addition, essential health benefits are now covered that previously were not covered. Most specifically, pregnancy and maternity care, emergency care, critical illness, and preventative and wellness care (ObamaCare Facts, 2018).
There have been many critiques on the ACA, and the Trump Administration has changed a few things. Essentially, the Trump Administration’s goal is to repeal the ACA, and put the American Health Care Act (AHCA) into motion. The AHCA would replace the ACA’s marketplace premium and cost-sharing subsidies with refundable tax credits (Pellegrin, 2017).
- Pre-existing condition: a medical condition that started before a person’s health insurance went into effect.
- Repeal: to revoke or annul (a law or congressional act).
- tax credits: an amount of money that can be offset against a tax liability.
ObamaCare Facts: Facts on the Affordable Care Act. (2018). Obamacarefacts.com. https://obamacarefacts.com/obamacare-facts/
Pellegrin, M. (2017). AHCA vs ACA: Tax Credits, Insurance Premiums, and the Big Picture. Sycamoreinstitutetn.org. https://www.sycamoreinstitutetn.org/2017/03/16/ahca-vs-aca-individual-market/