| Citations | Statutes at Large 124 Stat. 119 through 124 Stat. 1025 (906 pages) | Codification | Acts amended Public Health Service Act | Legislative history |
|---|
How long is the ACA document?
Certified full-text version: Affordable Care Act (PDF –
2.41 MB
)
How many pages are in the Affordable Care Act?
The easy answer is the law, as passed in 2010, weighs in at
906 pages
. You can download it in PDF form from the U.S. Government Printing Office website. Call the law what you will, Obamacare, The Patient Protection and Affordable Care Act, or Public Law 111-148 (the official, boring title), it's still just 906 pages.
What is Trumpcare?
Trumpcare is
the nickname for the American Health Care Act (AHCA)
. This plan was written by Republicans in the House of Representatives as a replacement plan for the ACA. The AHCA was voted on and passed in the House on May 4, 2017.
What is wrong with Obamacare plan?
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the
tax increases and higher insurance premiums needed to pay for Obamacare
. Some people in the healthcare industry are critical of the additional workload and costs placed on medical providers.
Is the Affordable Care Act still in effect 2021?
This repeal is still in effect in 2021
, eliminating the fine for those without health insurance plans in most states. A few states do have their own mandates in 2021, including California, Connecticut, Hawaii, Maryland, Minnesota, Rhode Island, and Washington.
How does Obamacare verify income?
The Heath Insurance Marketplace
uses an income figure called Modified Adjusted Gross Income (MAGI)
to determine the programs and savings you qualify for. For most people, it's identical or very close to Adjusted Gross Income (AGI). MAGI is not a line on your federal tax return.
What was wrong with healthcare before Obamacare?
Before the ACA,
individual insurance plans were considered to pose a high risk to insurers
because people who had higher expected utilization were more likely to sign up for health insurance, and this would result in severe adverse selection.
What is difference between Obamacare and TrumpCare?
TrumpCare cuts most taxes on industry
. This includes the 3.8% tax on high earners. ObamaCare taxes those who profit the most off of healthcare. Older Americans can be charged 5x more than young people under TrumpCare.
Is Obamacare a success or failure?
Indisputably, yes
. More than 20 million people have gained coverage as a result of the ACA. It has dramatically reduced the uninsured rate. On the day President Obama signed the ACA, 16 percent of Americans were uninsured; in March 2020, it was nine percent.
Why was ObamaCare a failure?
Sadly, since ObamaCare's inception one decade ago, the vast majority of Americans are not better off in terms of their health insurance costs and health care access. ObamaCare has failed miserably because it
lacks free-market principles and is a one-size-fits all, centrally planned boondoggle
.
Is ObamaCare a good thing?
Benefits of the Affordable Care Act
The Affordable Care Act has both increased the number of insured Americans and improved the coverage offered by health insurance companies
. Millions of previously uninsured Americans have been able to obtain health insurance because of the ACA.
Does ObamaCare still exist?
As of 2019, the Obamacare individual mandate – which requires you to have health insurance or pay a tax penalty –no longer applies at the federal level
. However, five states and the District of Columbia have an individual mandate at the state level.
What is the income limit for Obamacare 2021?
| Household size 100% of Federal Poverty level (2021) 400% of Federal Poverty Level (2021) | 1 $12,880 $51,520 | 2 $17,420 $69,680 | 3 $21,960 $87,840 | 4 $26,500 $106,000 |
|---|
Is the Affordable Care Act the same as Obamacare?
“Obamacare” and the “Affordable Care Act” are the SAME thing
. A recent article in the New York Times reported survey results showing that one-third of the people surveyed did not know that “Obamacare” and the “Affordable Care Act” refer to the same law.
Does Social Security count as income for Obamacare?
Non-taxable Social Security benefits are counted as income for the Affordable Care Act
and affect tax credits. This includes disability payments (SSDI), but does not include Supplemental Security Income.
How can I avoid paying back Obamacare?
One way to avoid having to pay back all or part of your Affordable Care Act premium assistance is to
report to your health exchange any changes in your income during the year
. The exchange can adjust downward the amount of premium assistance you receive for the remainder of the year.
How does government know your income?
Property registrars and financial institutions with which you deal with like your bank, insurer, mutual fund company and credit card company feed the tax department with information regarding your big transactions
. The tax department compares this information with the return filed by you.
Do you have to pay back the tax credit for health insurance?
If at the end of the year you've taken more premium tax credit in advance than you're due based on your final income,
you'll have to pay back the excess when you file your federal tax return
.
How many Americans have no health insurance?
According to the CBO, the number of American citizens who are uninsured in 2020 is around
31 million
.
Is HealthCare affordable in the US?
While the Affordable Care Act (ACA) has made health insurance more affordable for the uninsured,
premiums and cost-sharing are still too high for many Americans
. And cost-sharing has been edging ever higher for the majority of Americans who have coverage through employer-based plans.
Why is HealthCare so expensive?
The price of medical care is the single biggest factor behind U.S. healthcare costs
, accounting for 90% of spending. These expenditures reflect the cost of caring for those with chronic or long-term medical conditions, an aging population and the increased cost of new medicines, procedures and technologies.
