Asked by Jennifer Feliz on May 16, 2024
Verified
The Affordable Care Act requires all individuals to have health care insurance coverage.
Affordable Care Act
The Affordable Care Act, also known as Obamacare, is a comprehensive health care reform law enacted in March 2010 with the goals of providing more Americans with access to affordable health insurance, improving the quality of health care, and reducing health care spending in the U.S.
Health Care Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often offered through employers or purchased individually.
- Understand the requirements and effects of the Affordable Care Act on healthcare insurance coverage.
Verified Answer
MA
Monique AbdallaMay 16, 2024
Final Answer :
False
Explanation :
As of 2019, the individual mandate penalty of the Affordable Care Act, which required all individuals to have health insurance, was reduced to $0, effectively eliminating the federal penalty for not having health insurance.
Learning Objectives
- Understand the requirements and effects of the Affordable Care Act on healthcare insurance coverage.