What is the Affordable Care Act summary?

The Affordable Care Act was designed to reduce the cost of health insurance coverage for people who qualify. The law includes premium tax credits and cost-sharing reductions to help lower costs for lower-income individuals and families. Premium tax credits lower your health insurance bill each month.

Hereof, what are the main points of the Affordable Care Act?

The law has 3 primary goals: Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level.

Secondly, what is the Affordable Care Act and why was it enacted?

After the law went into effect, increases in overall healthcare spending slowed, including premiums for employer-based insurance plans.Patient Protection and Affordable Care Act.NicknamesObamacare, Affordable Care Act, Health Insurance Reform, Healthcare ReformEnacted bythe 111th United States CongressCitations

Is Obamacare still in effect?

The federal government was to pay 100% of the increased cost in 2014, 2015 and 2016; 95% in 2017, 94% in 2018, 93% in 2019, and 90% in 2020 and all subsequent years.

Who actually wrote the Affordable Care Act?

Jonathan Gruber (economist)Jon GruberBornSeptember 30, 1965InstitutionMassachusetts Institute of TechnologyFieldHealth economicsAlma materMassachusetts Institute of Technology (BS) Harvard University (MA, PhD)