The Affordable Health Care Act
The Affordable Health Care for America Act was a legislative bill approved by Congress and signed into law by President Barack Obama March 23, 2010, to assure that all people would have access to quality and stable health care coverage. The law is formally known as The Affordable Health Care for America Act, also known as the Affordable Care Act (“ACA”). Key provisions of ACA will be gradually phased in between the end of 2010 and 2014. The voluminous and complex legislation numbers more than 2000 pages. It was highly charged emotionally and politically when passed. The press coverage alleged that Congress itself did not fully understand the law prior to passing it. Both employers and individuals are struggling to understand the provisions and ramifications of the law. It is considered both a positive and negative depending upon whether you are a patient, medical provider, employer, union or insurer, as to the pros and cons of the law. In general, from an employee’s perspective, the following are five significant general points to ACA.