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What are the most important points of the Affordable Care Act?
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1. The Affordable Care Act (ACA) provides access to affordable, quality health care for Americans who do not have the option of employer sponsored healthcare.
2. The ACA sets up health insurance exchanges and Medicaid expansion to provide affordable options to individuals and small businesses.
3. The law requires that companies with more than 50 full-time-equivalent employees offer affordable health insurance or pay a penalty.
4. The Act imposes taxes on high-income households and certain industries to help offset the cost.
5. The ACA sets up a marketplace that allows comparison shopping and provides subsidies to qualified individuals and families with incomes below 400% of the federal poverty line.
6. The Act requires that all plans cover certain essential health benefits such as preventive care and hospitalization.
7. The ACA also prohibits insurance companies from denying coverage or charging higher rates based on pre-existing conditions.
8. The Affordable Care Act gives states the option to expand Medicaid to cover individuals and families with incomes up to 138% of the federal poverty level.
9. The ACA allows children to stay on their parents' health insurance plans until they are 26 years old.
10. The ACA sets up an appeals process so individuals can appeal insurance companies' decisions.