Question

The Affordable care act was signed into president Barack Obama in march 2010.

Answer 1

The Affordable Care Act abbreviated as ACA, also known as The Patient Protection and Affordable Care Act or Obamacare was signed by the President of The United States at that time - Mr. Barack Obama on March 23, 2010. According to ACA-

• health insurance coverage is provided to millions of citizens of America and also Medicaid eligibility is also expanded.
• Children until the age of 26 can get benefit from their parent's insurance plan.
• prevents health-insurance companies from denying coverage because of certain conditions.
• On the basis of cost-sharing reductions and premium tax credits, families with lower income can get extra savings on health insurance plans.

Some benefits and disadvantages of ACA are -

benefits -

• The regular rise in the costs of healthcare slows down - Because ACA provided health insurance to millions of American citizens, people received treatments for their health before admitting to the emergency wards.
• Treatment for mental health and chronic diseases are also covered in this Act.
• Children until the age of 26 can get benefit from their parent's insurance plan.
• On the basis of cost-sharing reductions and premium tax credits, families with lower income can get extra savings on health insurance plans.

disadvantages -

• Around 5 million people lost their employment-based health insurance.
• Cancelled insurance plans of around thirty million citizens who relied on private health insurance, because their policies didn't cover the ten essential benefits of ACA.
• ACA also includes maternity care, which many of the people do not need.