UnderstandingObamacare. BY davalon Updated on October 06, 2022. In 2010, President Barack Obama passed the Affordable Care Act (ACA) or Obamacare to help reduce healthcare costs for families and ensure more people were able to access health insurance. Originally, it required everyone to have qualifying insurance or they would face a tax penalty. ObamaCareis a nickname for The Patient Protection and Affordable Care Act (sometimes called the Affordable Care Act, ACA, or PPACA for short), a health reform law signed on March 23, 2010, by President Barack Obama. The same is still generally true for 2023. Facts like this have been true each year due to the way subsidies lower premium costs. Published Dec 18, 2013. Summary. Prior to the enactment of the Affordable Care Act (ACA), a number of states used Section 1115 Medicaid Demonstration Waivers to expand coverage to adults and to Still there's no guarantee an ACA plan is going to be a better deal, especially if you don't qualify for financial help. On average, premiums for ACA plans are up an average 34 percent from 2017. .

is obamacare and aca the same thing