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It would have created a voluntary and public long-term care insurance option for employees. [27] [28] In October 2011 the administration announced it was unworkable and would be dropped. [29] The CLASS Act was repealed January 1, 2013. [30] The launch for both the state and federal exchanges was troubled due to management and technical failings.
The individual mandate was designed to push people to get insured without waiting. This has been called a "death spiral". [384] In the years after 2013, many insurers did leave specific marketplaces, claiming the risk pools were too small. The median number of insurers per state was 4.0 in 2014, 5.0 in 2015, 4.0 in 2016 and 3.0 in 2017. Five ...
New 10-year costs (billions) [16] $1,052 $848 Projected 10-year change in deficit (billions) [16]-$109 -$132 New costs minus new savings and revenue Number uninsured by 2019 (millions) [16] 17 23 54 without bill Public option [16] Yes No Insurance exchanges [16] Yes Yes H: National exchange; S: State-based exchanges Individual mandate [16] Yes Yes
Obamacare. Is. Coming. Well, OK, many parts of the Patient Protection and Affordable Care Act, commonly referred to as Obamacare, have already been implemented. But some of the most far-reaching ...
The Patient Protection and Affordable Care Act, otherwise known as Obamacare, is one of the most hotly contested pieces of legislation perhaps ever, but there is one thing people need to know ...
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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 ...
With the open enrollment period for the Affordable Care Act, better known as Obamacare, almost over, there is still widespread uncertainty about the law and precisely what it does. This ...