Definition - What does Patient Protection and Affordability Care Act mean?
The Patient Protection and Affordable Care Act (PPACA) is a health care law that came into being in March of 2010 and is also known as the Affordable Care Act or Obamacare. The purpose of the act was to mandate health insurance coverage for U.S. citizens. As of 2017, there is a push in congress to repeal or modify the act.
SureHire explains Patient Protection and Affordability Care Act
The Patient Protection and Affordable Care Act is regulated by the Department of Health and Human Services, the Department of Labor, and the Internal Revenue Service. The act serves to mandate that individuals purchase health insurance and sets rules around the governance of insurers, employers, and health care providers. In a workplace where there are more than fifty permanent employees, the employer is required by the Patient Protection and Affordable Care Act to provide health insurance for all their employees and contribute significantly towards it.
