The Affordable Care Act, also known as the health care law or Obama Care, was created to
- expand access to affordable health care coverage to all Americans
- lower the costs of health insurance
- improve the quality and care of the health insurance system in the United States
The Affordable Care Act main provisions include the following:
- Prevent insurance companies from discriminating based on pre-existing conditions, health status, and gender.
- Provide individuals with information needed to make informed decisions about health insurance.
- Create health insurance exchanges which are competitive marketplaces where individuals and small businesses can buy affordable health care coverage in a manner similar to that of big businesses.
- Offer premium tax credits and cost-sharing assistance to low- and middle-income Americans.
- Insure access to immediate relief for uninsured Americans with pre-existing conditions.