Affordable Care Act became law on March 23, 2010 when President Obama signed the ACA. The law puts in place comprehensive health insurance reforms that will roll out over four years and beyond. Open enrollment in the Health Insurance Marketplace begins on October 1, 2013. Full implementation of Affordable Care Act (Obama Care) will be completed in 2015.
Starting in 2014, all Americans will have access to affordable health insurance options.
Among some of the key features of Affordable Care Act that has already affected the health system in the United States:
- Extending Coverage for Young Adults. Under the law, young adults will be allowed to stay on their parents’ plan until they turn 26 years old
- Prohibiting Denying Coverage of Children Based on Pre-Existing Conditions. The health care law includes new rules to prevent insurance companies from denying coverage to children under the age of 19 due to a pre-existing condition.