The Affordable Care Act or Obamacare was officially signed by President Obama on March 2010 as extension to Health Care and Education Reconciliation Act 2010.
It came into full wing by 2014. As this act made each and every Americans to get health insurance mandatory, the health industry especially the hospitals started to have a huge impact.
The major hospitals in the country fared patient revenues. If the individual will not buy health insurance, then he or she is liable for a penalty fee.
Answer: The correct answer to this question is True.
Explanation: As of this writing, the Affordable Care Act still has an individual mandate in effect. Each American must purchase their own health care and an employee with a certain amount of employees must offer affordable insurance.
The new president has taken away the tax penalty for those that did not purchase health insurance. There is a website from the ACA that does offer several affordable plans to those who want health insurance.
