Obamacare : The Affordable Care Act Essay

709 Words Nov 18th, 2015 3 Pages
The Affordable Care Act, known colloquially as Obamacare, was enacted in 2010 and is one of the biggest regulatory changes in the United States healthcare system since 1965. The many goals of the Affordable Care Act included: regulate the healthcare industry, provide Americans with inexpensive health insurance, and increase the quality of healthcare and health insurance in the United States. Obamacare also introduced the Health Insurance Marketplace, a place where individuals can learn about health coverage plans, compare health insurance options, and both choose and enroll in coverage. One of the main benefits of the Affordable Care Act is it allows young adults to stay on their parent’s health insurance plans until they turn 26, which is beneficial for many reasons. Prior to the ACA, many insurance companies would drop young adults from their parent’s plans, usually leaving them with no insurance of their own. Roughly 30% of all young adults don’t have insurance, and they make up almost 20% of all uninsured Americans. Many young adults also don’t have access to employee based insurance due to jobs in small businesses, part time jobs, and entry level jobs. The purpose of this policy was to decrease the number of uninsured young adults under the age of 26 regardless of whether the individual no longer lives with their parents, is not a dependent on their parent’s tax returns, or is no longer a student. The ACA also eliminates health insurance companies’ ability…

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