Obamacare

The Patient Protection and Affordable Care Act, also known as Obamacare, is a federal statute of the United States that was signed into law by President Barak Obama on March 23, 2010. The Act’s purpose is to decrease the number of uninsured Americans and reduce the overall cost of healthcare. The law includes mandates, subsidies, and tax credits to employers and individuals to increase the coverage rate within our country. For example, the Act requires that healthcare companies cover those with preexisting conditions among other things, (with some exceptions). This Act has been found constitutional, as it complies with Congress’ ability to regulate interstate commerce and individuals who interact with it. Healthcare providers do business over state lines. The Act has also been labeled as a tax in many situations. While it may feel like a violation of our rights, the Supreme Court has determined Obamacare lawful.