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What do I need to know about the new health care reform law?
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The new health care reform law, known as the Affordable Care Act (ACA), has several key components. It includes a mandate that all Americans must have health insurance or pay a penalty; subsidies for those who can't afford it; and an expansion of Medicaid for low-income individuals. Additionally, the ACA requires insurers to cover certain preventive services at no cost to consumers, such as mammograms and colonoscopies. Lastly, the ACA allows young adults up to age 26 to remain on their parents' health plans.