The Affordable Care Act
at Two Years
Two years ago today, President Obama signed the Affordable Care Act. Health reform requires that insurance plans cover preventive services to help people stay healthy, prohibits insurance companies from dropping your coverage if you get sick, billing you into bankruptcy because of annual or lifetime limits placed on care, and discriminating against children with pre-existing conditions.
By 2014 when the law is fully implemented, people will be able to
purchase private insurance coverage through new state-based markets
called exchanges, which will offer a way to get insurance that isn’t
provided by—or tied to—an employer. Americans will have the security of
knowing they don't have to worry about losing or finding coverage if
they're laid off, change jobs, or are self-employed. And further patient
protections will take effect: insurers won’t be able to deny care to
anyone based on a pre-existing condition, or limit the amount of care
they’ll cover over a person’s lifetime.