Definition of Patient Protection And Affordable Care Act



Patient protection and affordable care act is a federal law of the United States of America that regulates the provision of fair and affordable health insurance to individuals through the insurance marketplace. The act was an expansion to the previously managed Medicare and Medicaid programs. One of the main changes was the establishment of insurance exchanges state-wise that will provide an easy price comparison of individual insurance providers so that the user can use affordable health care.

 


The Law also regulates the employers market and it also affects the delivery system of the health care to make sure that the beneficiaries receive transparent health care coverage. 


View More Personal Finance Definitions