1 gen 2010 anni - Patient Protection and Affordable Care Act

Descrizione:

American Recovery and reinvestment act:An economic stimulus bill passed in 2009, in response to the Great Recession, that provided $787 billion to state and local governments. It was one of the largest single packages of government spending in American history.

patient protection and affordable care act:Sweeping 2010 health-care reform bill championed by President Obama that established nearly universal health insurance by providing subsidies and compelling larger businesses to offer coverage to employees.


A nation that a mere two generations prior would not allow black Americans to dine in the same restaurant with white Americans had elected a black man to the highest office. Obama himself was less interested in celebrating this historic accomplishment — part of his deliberate strategy to downplay race — than with developing a plan to deal with the nation’s challenges, at home and abroad. With explicit reference to Franklin Roosevelt, Obama used the “first hundred days” of his presidency to lay out an ambitious agenda: a “stimulus package” of federal spending to invigorate the economy; plans to draw down the war in Iraq and refocus American military efforts in Afghanistan; a reform of the nation’s health insurance system; and new federal regulations on Wall Street.]


Remarkably, the president accomplished much of that ambitious agenda. The Democratic-controlled Congress elected alongside Obama passed the American Recovery and Reinvestment Act, an economic stimulus bill that provided $787 billion to state and local governments — one of the largest single packages of government spending in American history. Congress next passed the Wall Street Reform and Consumer Protection Act, a complex law that regulated the financial industry and established new consumer protections. The president’s signal accomplishment, however, was the first major reform of the nation’s health-care system since the introduction of Medicare in 1965: the Patient Protection and Affordable Care Act, signed into law by Obama on March 23, 2010. The new law, widely known as the “ACA” or “Obamacare,” endeavored to extend health coverage to more people and to make it more affordable by requiring all Americans to carry coverage (as states currently do with automobile insurance) and compelling larger employers to cover all their employees. The law provided subsidies to low-income individuals for purchasing insurance and also outlawed certain discriminatory practices, such as insurance companies denying individual people coverage if they have “preexisting” conditions — meaning they have a health condition that requires treatment. Political opposition and the powerful lobbying of the private health insurance industry ensured that the new law contained enough compromises that few could predict its long-term impact — but it would ultimately reduce the number of people without health insurance by 38 percent.

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