The Affordable Care Act

The Affordable Care Act (ACA), also known as Obamacare, reformed the health insurance system by requiring employers with 50 or more full-time employees to offer health plans. It established federal exchanges for individuals without employer coverage and mandated insurance companies to cover preexisting conditions. Employers face penalties if they fail to provide health plans, and employees may receive subsidies if they purchase insurance through exchanges. The ACA aims to lower premium costs through risk pooling and standardize healthcare practices.

What was the primary purpose of the Affordable Care Act?

How did the Affordable Care Act affect employers regarding health insurance?

Explain the significance of the federal exchange established by the Affordable Care Act.

What requirements were placed on insurance companies under the Affordable Care Act?

What was the trade-off for individuals regarding health insurance coverage and preexisting conditions?

Describe the relationship between employer size and health insurance obligations under the Affordable Care Act.

What are the consequences for employers who do not provide health insurance to their employees?