Overview of The Affordable Care Act A.K.A. Obamacare
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Please summarize the question below using 3 paragraphs (6 sentences minimum for paragraph) using completes and your own words. Please keep your opinion out of the responses (only focus on the law). Please follow these directions.
1. Please provide a summary of the Patient Protection and Affordable Care Act, popularly known as the Obamacare federal statue.
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Solution Summary
This solution provides an overview of the Affordable Care Act, otherwise known as Obamacare. It includes the overall approach, penalities for non-compliance, individual roles, and employer roles.
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Dear Student,
The Affordable Care Act, otherwise known as Obamacare, is legislation designed to give access to healthcare to all U.S. citizens and legal residents of the United States. The law focuses on expanding coverage, controlling health care costs, and improving the delivery system for health care. The following is a summary of the law:
Overall approach to expanding access to coverage: The law will require most citizens and legal U.S. residents to obtain health insurance. Health exchanges will be created as a result of this law which will facilitate individual's ability to purchase health insurance. Premium and cost sharing credits are available to families or individuals with income between 133%-400% of the federal poverty level. In 2013, the poverty level was $19,530 for a family of three. ...
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