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[82] [88] The law also provides for a 5% "income disregard", making the effective income eligibility limit 138% of the poverty line. [89] States may choose to increase the income eligibility limit beyond this minimum requirement. [89] As written, the ACA withheld all Medicaid funding from states declining to participate in the expansion.
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
In 2014 the payment amount was 1% of income or $95 per adult ($47.50 per child) limited to a family maximum of $285 (national average premium for a bronze plan), whichever is greater. [4] In 2015 the penalty increased to $285 per adult or 2% of income above the limit. [5]
The enhanced subsidies, which were first passed in 2021 as part of the American Rescue Plan Act, will have been in place for roughly five years when they expire in 2025, or about half as long as ...
The Affordable Care Act, often called Obamacare, has always given taxpayer-subsidized credits to consumers based on their income levels to offset the cost of monthly health insurance premiums ...
Gallup estimated in July 2014 that the uninsured rate for adults (persons 18 years of age and over) was 13.4% as of Q2 2014, down from 18.0% in Q3 2013 when the health insurance exchanges created under the Patient Protection and Affordable Care Act (PPACA or "Obamacare") first opened. The uninsured rate fell across nearly all demographic groups.
Obama signed the Affordable Care Act on March 23, 2010, Kominski said, and the provision letting young people under 26 stay on their parents’ health insurance was set to take effect six months ...
Coverage of essential health benefits was first required by the 2010 Patient Protection and Affordable Care Act (PPACA or ACA), which was a major piece of health care reform legislation. [8] The EHB provisions of the ACA was an amendment to the Public Health Service Act. [9]
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