Obamacare is the nickname of the Affordable Care Act and the Patient Protection and Affordable Care Act. The highly controversial legislation is the signature law of President Barack Obama’s term in office. The affordable healthcare bill was designed to offer medical coverage to Americans who were turned down due to pre-existing medical conditions or because their employer did not offer such care as a benefit.
President Barack Obama signed the federal statute into law by on March 23, 2010. The constitutionality of Obamacare was upheld in a Supreme Court challenge in 2012. While 87 percent of Americans who signed up for the program received taxpayer-funded subsidy, millions of citizens above the low-income guidelines saw a substantial increase in both premiums and deductibles