Health Care and Education Reconciliation Act

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Basics of the nation’s new healthcare law








By Dr. Dionne Hart, MD

What is the law known as “Obamacare” or the Affordable Care Act (ACA)? In March 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act of 2010 and the Health Care and Education Reconciliation Act of 2010 that collectively reform healthcare access.  

What is the mandatory insurance provision? By 2014, most U.S. citizens and legal residents are required to obtain minimal essential health insurance coverage or pay a penalty or $95 per year or one percent of income, whichever is greater. The penalty will increase to $325 per year or two percent by 2015 and $695 or 2.5 percent by 2016. Continue Reading →

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