The Affordable Care Act includes a variety of provisions designed to promote accountability, affordability, quality, and accessibility in the health care system.
The Affordable Care Act creates a Health Insurance Marketplace or âMarketplaceâ â also known as the Affordable Insurance
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Exchange â in each state, that together provide millions of Americans and small employers with access to affordable health insurance coverage.
These Marketplaces allow individuals, employers, and employees to shop for, select, and enroll in QHPs.
These Marketplaces also determine individualsâ eligibility for premium tax credits and cost sharing reductions, as well as help individuals access other Federal and state health care programs, such as Medicaid and the Childrenâs Health Insurance Program (CHIP).
By providing one-stop shopping, the Marketplaces make purchasing health insurance easier and more understandable than in the past, and put greater control and greater choice in the hands of eligible individuals and small employers.