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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.
The Patient Protection and Affordable Care Act signed in 2010 imposed a health insurance mandate to take effect in 2014. On June 28, 2012, the Supreme Court of the United States upheld the health insurance mandate as a valid tax within Congress's taxing power in the case National Federation of Independent Business v.
With state-run health care exchanges set to open for business in just one month and two days, the pieces of the puzzle that will make up the Patient Protection and Affordable Care Act, known also ...
Sebelius, which upheld the Patient Protection and Affordable Care Act by a 5–4 vote. The Court ruled that although the "individual mandate" component of the act was not constitutional under the Commerce Clause, it was reasonably construed as a tax and was therefore valid under the Congressional authority to "lay and collect taxes."
The official start of enrollment under Obamacare kicked off roughly seven weeks ago under less than ideal circumstances, and early enrollment figures, especially from the federally run website ...
A patient's bill of rights is a list of guarantees for those receiving medical care. It may take the form of a law or a non-binding declaration. Typically a patient's bill of rights guarantees patients information, fair treatment, and autonomy over medical decisions, among other rights.
The increase in the threshold for the itemized medical expense deduction from 7.5% to 10% of AGI (originally scheduled to take effect on January 1, 2017) goes into effect (per the Tax Cuts and Jobs Act of 2017). The repeal of the "individual mandate" by the Tax Cuts and Jobs Act of 2017 goes into effect, reducing the tax penalty to zero. [150]
The Patient Protection and Affordable Care Act eliminates lifetime and annual limits from plans in the individual health benefits exchanges. This effectively eliminates the ceiling on financial risk for individuals in the individual exchanges. [55]