Affordable Care Act

Date in History : March 23, 2010

The Patient Protection and Affordable Care Act is signed into law by President Obama on March 23, 2010, with the goal of decreasing the number of uninsured citizens and reducing health care costs via tax credits, subsidies, incentives and fees for employers and uninsured individuals. Under PPACA, insurance companies are required to cover all applicants at the same rate of coverage regardless of pre-existing conditions or gender.