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Since the Affordable Care Act's passage on March 23, 2010, health parity in the US has advanced in a historic way. All Americans' health, including that of women and families, children, older people, individuals with disabilities, LGBTQI+ people, and communities of colour, improved as a result of this historic law.
The Affordable Care Act includes tax provisions that affect individuals, families, businesses, insurers, tax-exempt organizations, and governmental agencies in addition to comprehensive health insurance changes. Important changes are made by these tax provisions, including how people and families submit their taxes. The Patient Protection and Affordable Care Act, also known as the Affordable Care Act or Obamacare, is a historic piece of U.S. federal legislation that was passed by the 111th Congress and was signed into law by President Barack Obama on March 23, 2010. It marks the largest regulatory revision and coverage extension to the American healthcare system since the passage of Medicare and Medicaid in 1965, along with the adjustment made by the Health Care and Education Reconciliation Act of 2010. The majority of the ACA's provisions went into effect in 2014. By 2016, there were an estimated 20 to 24 million more individuals having insurance, which resulted in the percentage of the population without insurance approximately halving. A number of delivery system improvements were also put into place by the law with the goal of lowering costs and raising standards in healthcare. Following its implementation, rises in healthcare costs as a whole—including insurance premiums for employer-based plans—slowed.
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