According to reported statistics, more than a half million people have used the healthcare exchange/marketplace created by The Patient Protection and Affordable Care Act (ACA) to obtain health insurance under the Biden administration. This is possible due to the expanded open enrollment in 2021 which continues until August 15, 2021.
With the ACA often misunderstood/maligned and the coronavirus pandemic has resulted in millions of people losing their health insurance, especially vulnerable minority communities, we wanted to review what the ACA is really all about.
The ACA was enacted in 2010 to ensure access to adequate/minimum value affordable healthcare, protect consumers from insurance companies, and attempt to distribute medical costs more evenly. It is commonly referred to as Obamacare after it was championed and signed into law by President Barack Obama.