Affordable Care Act:
The New Health Care Law at Two Years
The Presidentâ€™s health plan gives hard working, middle class families the security they deserve. The Affordable Care
Act forces insurance companies to play by the rules, prohibiting them from discriminating against anyone with a
pre-existing condition, dropping your coverage if you get sick, billing you into bankruptcy because of an illness or
injury, and limiting your annual or lifetime benefits. And thanks to health reform, all Americans will have the security
to know that you donâ€™t have to worry about losing coverage if youâ€™re laid off or change jobs, and insurance companies
are required to cover your preventive care like mammograms and other cancer screenings.
Health reform is already making a difference. Thanks to the Affordable Care Act:
â€¢ 2.5 million more young adults have health insurance on their parentâ€™s plan.
â€¢ In 2010 and 2011, over 5.1 million seniors and people with disabilities on Medicare have saved over $3.1
billion on prescription drugs. These savings include a one-time $250 rebate check to seniors who hit the
â€œdonut holeâ€ coverage gap in 2010, and a 50 percent discount on brand-name drugs in the donut hole in
2011. And everyone with Medicare can get key preventive services like mammograms and other cancer
screening tests for free.
â€¢ Insurance companies can no longer drop your coverage when you get sick because of a mistake on your
application, put a lifetime cap on the dollar amount of coverage you can receive or raise your premiums
with no accountability.
â€¢ Insurance companies can no longer deny coverage to children because of a pre-existing condition. And
in 2014, discriminating against anyone with a pre-existing condition will be prohibited.
The Affordable Care Act is helping Americans access the care and coverage they need. At the same time, States and
the Obama Administration are moving forward to continue holding insurance companies accountable, working
with health care providers to