For the average American, adequate healthcare was becoming a distant dream as rising costs made it increasingly difficult to acquire sufficient insurance coverage.
But that was before President Obama introduced the Patient Protection and Affordable Care Act (PPACA), also called Obamacare or the Affordable Care Act, to address the problem and expand healthcare coverage to previously uninsured Americans. Under the Act, health insurance exchanges will be set up in each state from January 1, 2014, although applications for insurance coverage are already being accepted as of October 1, 2013.
The system of health insurance exchanges, now collectively known as the health insurance marketplace, has created an online portal where consumers can shop for subsidized health insurance plans. On these exchanges, consumers will be able to compare a number of health insurance plans by various insurers, and then purchase a plan that best fits their needs. Read more.
No comments:
Post a Comment