Title: IS THE AFFORDABLE CARE ACT REALLY AFFORDABLE
Abstract: The Patient Protection and Affordable Care Act (PPACA) is a U.S. federal statute signed into law on March 23, 2010. Together with the Health Care and Education Reconciliation Act, it represents the most significant government expansion and regulatory overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965. The Act is aimed at increasing the rate of health insurance coverage for Americans and reducing the overall costs of healthcare. It provides a number of mechanisms, including mandates, subsidies and tax credits to employers and individuals to increase the coverage rate. Additional reforms aim to improve healthcare outcomes and streamline the delivery of healthcare. On June 28, 2012, the U.S. Supreme Court upheld the constitutionality of most of the Affordable Care Act (ACA) in the case National Federation of Independent Business v. Sebelius. This paper examines the mandates as well as the tax implications of this legislation, with the goal of understanding the dimensions of this vast legislation, the parties impacted and compliance requirements. We provide an overview of what must be done to comply with its complex requirements.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot