28 Facts About Affordable Care Act

1. Affordable Care Act created government subsidies to help lower and middle-income families pay for health insurance.

2. Affordable Care Act, known as Obamacare, was signed into law in 2010.

3. With the Tax Cuts and Jobs Affordable Care Act, passed in 2017, Congress left the mandate in place but reduced the tax to zero.

4. Affordable Care Act has expanded health care coverage to some 20 million Americans through a combination of subsidized individual policies, expanded Medicaid, and allowing young adults to stay on their parents' plans.

5. Affordable Care Act is new legislation aimed at reforming the accessibility, affordability, and quality of health care in the United States.

6. Affordable Care Act adds numerous protections related to employment-based group health plans.

7. Affordable Care Act provides coverage options that allow you to maintain health coverage for you and your family.

8. Affordable Care Act imposed limitations on the use of federal money.

9. Affordable Care Act provides options for how you get and pay for coverage.

10. Affordable Care Act has been one of the most controversial pieces of social legislation enacted in recent history.

11. Affordable Care Act requires most US taxpayers to declare they have minimum essential health coverage on their federal tax form.

12. Affordable Care Act, known as the health care law, was created to expand access to affordable health care coverage to all Americans, lower costs, and improve quality and care coordination.

13. Affordable Care Act is expanding health insurance coverage for everyone, but women will arguably see some of the biggest benefits from the law.

14. Affordable Care Act added new requirements for charitable hospitals.

15. Affordable Care Act establishes a Medicare shared savings program which encourages Accountable Care Organizations (ACOs) to facilitate cooperation among providers to improve the quality of care provided to Medicare beneficiaries and reduce unnecessary costs.

16. Affordable Care Act created an annual fee on certain health insurance providers beginning in 2014.

17. Affordable Care Act establishes a number of new requirements for group health plans.

18. Affordable Care Act created an annual fee payable beginning in 2011 by certain manufacturers and importers of brand name pharmaceuticals.

19. Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee's Form W-2, Wage and Tax Statement, in Box 12, using Code DD.

20. Affordable Care Act provides a one-time $250 rebate in 2010 to assist Medicare Part D recipients who have reached their Medicare drug plan's coverage gap.

21. Affordable Care Act, known as Obamacare, is one of the biggest revamps of our healthcare system since Medicare was introduced in 1965.

22. Affordable Care Act continues to make Marketplace plans more affordable.

23. Affordable Care Act includes a lot of benefits, but it includes new taxes.

24. Affordable Care Act puts consumers back in charge of their health care.

25. Affordable Care Act will continue to trickle out HealthCare reform until 2020.

26. Affordable Care Act was passed on March 23, 2010 and employer compliance requirements began in the 2015 tax year, yet many employers have yet to comply.

27. Affordable Care Act includes a host of delivery system reforms intended to constrain healthcare costs and improve quality.

28. Affordable Care Act largely retains the existing structure of Medicare, Medicaid, and the employer market, but individual markets were radically overhauled around a three-legged scheme.