The Affordable Care Act put comprehensive health insurance reforms in place. These reforms have improved affordability, access and quality in health care services for Americans. It is working to make health care more affordable for everyone including families, seniors, businesses and taxpayers.
Affordability exemptions for individual and employer sponsored health coverage must cost no more than 9.5% of household income, after the employers contribution. In this case it is considered affordable. If the cheapest coverage inside and outside the workplace would cost more than 8% of the household income for self only coverage than the person is not required, or is exempt from the requirement to get health insurance.
People who are offered job-based coverage that is affordable and provides the minimum value are not eligible for a tax credit if they purchase a plan through the Health Insurance Market Place.
The Affordable Care Act puts the American consumer back in charge of their own health care. Americans have the stability and flexibility to make informed health choices under the “Patient’s Bill of Rights”
Evidence in the form of research by the CDC shows that there is one very clear conclusion: The Affordable Care Ac is working. It is making health care more affordable. It is making higher quality health care more accessible for seniors, families, taxpayers and businesses. This includes Americans that were previously uninsured, as well Americans who had insurance that did not provide adequate coverage and security.
The benefits of the Affordable Care Act include prescription discounts for seniors, free preventative care, protection against health care fraud, small business tax credits, preexisting conditions, coverage for children up to age 26, and consumer assistance. It also holds insurance companies accountable as they have to justify and premium increase of 10% or more before the rate takes effect.