Hi again and welcome back to Healthcare Reform School. The first lesson is plain and simply a brief explanation of the basic tenements of the Patient Protection and Affordable Care Act.
Quite simply (not really simple) is everyone is required to buy health insurance, the insurance companies can not deny coverage for any reason to anyone who applies and the government will attempt to make it affordable by providing assistance to people based on their income level. In addition, to help contain costs the insurance companies must pay out in claims 80% of the premiums they collect.
The basic reason behind the law is that many people are not able to get insurance if they have a pre-existing condition, these are the people that will actually use the insurance. Now they will have a huge burden taken care of.
That is it for now, just the basics. Come back next time and I will explain what the "insurance exchanges" are and how that will work as part of implementation.
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