Tag: ObamaCare
The Patient Protection and Affordable Care Act, also the Affordable Care Act (ACA) or colloquially known as Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act of 2010 amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
The CBO reported in multiple studies that PPACA would reduce the deficit. However, Douglas Holtz-Eakin introduced a study that the bill would actually increase the deficit by $562 billion because he argued, it front-loaded revenue and back-loaded benefits.
Also, a lot of legal challenges have been tough to ignore like its impact on businesses, contraception, insurance policies, etc. President Donald Trump has been hoping to come up with a better plan so that ObamaCare can be repealed and replaced.
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