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Small Business Employee Benefits and HR Blog

Affordable Care Act

The Affordable Care Act (ACA), info is a United States federal statute signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act, it represents the most significant regulatory overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965. ACA is aimed primarily at decreasing the number of uninsured Americans and reducing the overall costs of health care. It provides a number of incentives—including subsidies and tax credits—to employers and individuals in order to increase the coverage rate.

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