The Patient Protection and Affordable Care Act (“ACA” or “Act”) includes a series of measures that will expand the availability of affordable health coverage. In particular, the ACA creates new health insurance Exchanges, in which the purchasing power of individuals and small businesses will be combined so that they can buy more affordable insurance. States operate these Exchanges or, where a state has chosen not to do so consistent with federal standards, the federal government operates the Exchange in place of the state. The ACA provides for financial assistance and tax incentives to encourage the purchase of insurance, including premium tax credits for eligible individuals to help defray the cost of insurance purchased through the Exchange. 26 U.S.C. § 36B. These tax credits, which become available in 2014, will help millions of Americans purchase affordable health insurance.
Supporting documents in PDF: