Affordable Care Act (ACA)

The Affordable Care Act (ACA), also known as Obamacare, is a US law enacted in 2010 with the goal of expanding health insurance coverage to more Americans. It achieves this through various mechanisms, including subsidies to lower premiums and expanding Medicaid eligibility. The ACA is newsworthy right now because its affordability and subsidies are being debated and legislated, particularly in the context of the upcoming midterm elections. Recently, the House of Representatives passed legislation to revive ACA subsidies, with some Republicans breaking ranks to support the measure. This action highlights the ongoing political battle surrounding the ACA and its future. Senator Cassidy has also expressed optimism for a bipartisan deal on healthcare costs. The ACA remains a significant and relevant issue due to its impact on millions of Americans' access to healthcare and its continued presence as a key political point of contention.