A key element of the Affordable Care Act (ACA) in the United States is the Health Insurance Marketplace which is also referred to as the Health Insurance Exchange. It is a centralized marketplace where people and families can look for health insurance policies that will suit their particular requirements and finances.
The Importance Of Health Insurance…
The importance of health insurance is very broad and complex since US has long history of changes and amendments which aimed to provide affordable health care among the citizens.
The Affordable Care Act (ACA) created the Health Insurance Marketplace as an online marketplace to make it easier for people and families without access to employer-sponsored insurance or public health programs like Medicare and Medicaid to acquire health insurance as reported in Medium.com.
The Importance Of Health Insurance For Americans
More Americans now have access to health insurance thanks to the Marketplace. Through this initiative, individuals and families can now sign up for health insurance policies using clear and simple platform. Individuals may be qualified for premium subsidies or cost-sharing exemptions which would cut the cost of health insurance for people with lower incomes.
Also, consumers can now evaluate health insurance plans based on key characteristics, available alternatives for coverage, and costs. Marketplace guarantees that the information provided is clear and consistent.