The Patient Protection and Affordable Care Act (ACA), informally referred to as Obamacare, is a United States Statute signed into law by President Barack Obama on March 23, 2010. The law (along with the Healthcare Education and Reconciliation Act of 2010) is the principal healthcare reform legislation of the 111th US Congress. ACA requires individuals not covered by employer- or government-sponsored insurance plans to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship, a provision commonly referred to as the individual mandate. The Act also reforms certain aspects of the private health insurance industry and public health insurance programs, increases insurance coverage of pre-existing conditions, expands access to insurance to an estimated 30 million Americans, and increases projected national medical spending while reducing the national deficit, slowing health care cost inflation, and lowering projected Medicare spending.
New York State Launches its Health Insurance Exchange -
You and your family have many new low cost, quality health insurance options available through the Individual Marketplace.