Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or Obamacare
- United States federal statute signed into law by President Barack Obama on March 23, 2010.
- The ACA aims to increase the quality and affordability of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government.
- The law also requires insurance companies to cover all applicants within new minimum standards and offer the same rates regardless of pre-existing conditions or sex.
- The Congressional Budget Office projected that the ACA will lower both future deficits and Medicare spending
Opposed :
- Prominent conservative advocacy groups, Congressional and many state Republicans, certain small business organizations, and the Tea Party movement groups.
- The law will lead to disruption of existing health plans, increased costs from new insurance standards, and an increase in the deficit.
