Obamacare
Obamacare
Obamacare (pronounced /ˈoʊbəməˌkɛər/), officially known as the Patient Protection and Affordable Care Act (PPACA), is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. The term "Obamacare" was first used by opponents of the act, but was later adopted by supporters as well. The etymology of the term comes from the combination of "Obama", the surname of the 44th President of the United States, and "care", indicating the act's aim to provide healthcare reform.
Overview
Obamacare 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. It introduced a number of reforms to achieve these goals, including mandates, subsidies, and insurance exchanges.
Provisions
The act's provisions include the requirement for most individuals to have health insurance or pay a penalty (the "individual mandate"), the expansion of Medicaid coverage, the establishment of health insurance exchanges, and the prohibition of insurers from denying coverage due to pre-existing conditions.
Related Terms
- Health Insurance
- Medicaid
- Patient Protection and Affordable Care Act
- Barack Obama
- Healthcare reform in the United States
See Also
External links
- Medical encyclopedia article on Obamacare
- Wikipedia's article - Obamacare
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