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Premier Rehab Keller, P.L.L.C., No. 20-219, 596 U.S. ___ (2022) The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and colloquially 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 Affordable Health Care for America Act (or HR 3962) [1] was a bill that was crafted by the United States House of Representatives of the 111th United States Congress on October 29, 2009. The bill was sponsored by Representative Charles Rangel. At the encouragement of the Obama administration, the 111th Congress devoted much of its time to ...
^ Note: The 2014 FPL is $11,670 for a single person and about $23,850 for family of four. [77] See Subsidy Calculator for specific dollar amount. [108] ^ DHHS and CBO estimate the average annual premium cost in 2014 will be $11,328 for a family of 4 without the reform. [105]
According to the latest data available from the Centers for Medicare and Medicaid Services, or CMS, the annual cost of health care in the U.S. (excluding insurance premiums) is $6,815 per person.
A gap of 5% GDP represents $1 trillion, about $3,000 per person relative to the next most expensive country. In other words, the U.S. would have to cut healthcare costs by roughly one-third ($1 trillion or $3,000 per person on average) to be competitive with the next most expensive country.
Between November 15 and January 15, more than 16.3 million Americans signed up for a health care plan through the Obamacare marketplace, according to the latest data from the Centers for Medicare ...
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