Affordable Care Act

Health Insurance Glossary Topic.

The Affordable Care Act is a comprehensive health care reform law that went into place in early 2010. It is also known as the ACA or Obamacare. The law enacted several reforms and consumer protections around health insurance. The main goals of the law include:

  • Make affordable health insurance available to more people. It provides subsidies, also known as premium tax credits, that lower costs for households with incomes between 100% to 400% of the federal poverty level.

  • Seek to expand the Medicaid program by covering all adults with an income below 138% of the federal poverty level.

  • Support medical care delivery methods designed to lower the costs of healthcare.