OBAMACARE
OVERVIEW
The Affordable Care Act (ACA), also known as Obamacare, is a comprehensive healthcare reform law enacted in 2010. Its primary goal is to make health insurance more affordable and accessible for all Americans, regardless of age, income, or pre-existing conditions.Obamacare offers various types of cost assistance, such as premium tax credits, cost-sharing reduction subsidies, Medicaid expansion, and the Children's Health Insurance Program (CHIP).Obamacare also sets minimum standards for health plans, such as covering essential health benefits, preventive services, and pre-existing conditions.