What does the acronym ACA stand for?

The acronym ACA stands for the Affordable Care Act. Enacted in 2010, the Affordable Care Act represents a significant overhaul of the U.S. healthcare system aimed at increasing access to health insurance, reducing healthcare costs, and improving healthcare quality. This landmark legislation introduced various provisions including the establishment of health insurance marketplaces, the expansion of Medicaid, and the requirement for individuals to have health insurance or face a penalty. By offering subsidies to assist lower-income individuals and families in obtaining coverage, the ACA has played a crucial role in reducing the uninsured rate in the country. Understanding the implications of the Affordable Care Act is essential for anyone studying health insurance in North Carolina or any other state, as it continues to impact policies and healthcare systems today.