Affordable Care Act

Definition

The Affordable Care Act, enacted in 2010, is a comprehensive healthcare reform law aimed at expanding health insurance coverage to millions of uninsured Americans and reducing healthcare costs. It includes provisions such as prohibiting the denial of coverage based on pre-existing conditions and allowing young adults to stay on their parents' insurance plans until age 26.

Related terms

Universal Healthcare: A health care system that provides health care and financial protection to all citizens of a particular country.

Health Insurance Marketplace: A service available in every state where individuals, families, and small businesses can shop for and enroll in affordable medical insurance.

Pre: existing Condition - Any medical condition that an individual has before enrolling in a new health insurance plan