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President Barack Obama signed the Affordable Care Act (ACA) into law on March 23, 2010, in the East Room before a select audience of nearly 300 people. He stated that the health reform effort, designed after a long and acrimonious debate facing fierce opposition in the Congress to expand health insurance coverage, was based on "the core principle that everybody should have some basic security ...
The Affordable Health Care for America Act (or HR 3962) [1] was a bill that was crafted by the United States House of Representatives of the 111th United States Congress on October 29, 2009.
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Obamacare maintained the concept of health insurance exchanges as a key component of health care. President Obama stated that it should be "a market where Americans can one-stop shop for a health care plan, compare benefits and prices, and choose the plan that's best for them, in the same way that Members of Congress and their families can.
The uninsured rate fell from a peak of 18.2% in 2010 to 10.5% by 2015, due primarily to ACA/Obamacare along with improvements in the economy. States that expanded Medicaid under Obamacare (37 as of 2019, including Washington, D.C.) had lower uninsured rates than states that did not.
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