What is the summary of Obamacare?
The Affordable Care Act is also known as the ACA or Obamacare. It was created to make healthcare more affordable and easily accessible to a wider range of Americans. Under the law, people in the United States who don’t qualify for an exemption are required to obtain a minimum amount of healthcare coverage.
What does individual shared responsibility exemption mean?
The individual shared responsibility provision outlines individuals’ role in this. In short, it says you must either have basic health insurance, receive an exemption or pay a penalty. The law refers to this penalty as a “shared responsibility payment;” the Supreme Court has ruled that the penalty is a federal tax.
What is MAGI for Obamacare?
The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and the Children’s Health Insurance Program (CHIP).
What was the goal of Obamacare?
The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions …
What is the major objective of the Affordable Care Act quizlet?
What is the main objective of the ACA? Increases benefits and lower costs for consumers, bolster our health care and public health workforce and infrastructure, foster innovation and quality in our system.
Does the shared responsibility payment apply in 2021?
Under the new law, California residents who do not have coverage for themselves and their dependents in 2020, and who do not otherwise qualify for an exemption, will pay an Individual Shared Responsibility Penalty when they file their 2020 California income tax returns in 2021.
What happened to the shared responsibility payment?
Shared responsibility payment (eliminated as of tax year 2019) Individuals without minimum essential coverage were required to make the shared responsibility payment until the end of tax year 2018, unless they qualified for exemptions.
Does Obamacare use gross or net income?
Two important things to know: Marketplace savings are based on your expected household income for the year you want coverage, not last year’s income. Income is counted for you, your spouse, and everyone you’ll claim as a tax dependent on your federal tax return (if the dependents are required to file).
How does a stem and leaf plot organize data?
A stem and leaf plot organizes data by showing the items in order using stems and leafs.The leaf is the last digit on the right or the ones digit.The stem is the remaining digit or digits. For 12, 2 is the leaf and 1 is the stem. For 45.7, 7 is the leaf and 45 is the stem.
How to make stem and leaf plot in AutoCAD?
Steps for Making Stem-and-Leaf Plots 1 First, determine the smallest and largest number in the data. 2 Identify the stems. 3 Draw a with two columns and name them as “Stem” and “Leaf”. 4 Fill in the leaf data. 5 Remember, a Stem and Leaf plot can have multiple sets of leaves. More
What is a stem-and-leaf plot?
A stem-and-leaf plot displays data by splitting up each value in a dataset into a “stem” and a “leaf.” This tutorial explains how to create and interpret stem-and-leaf plots.
What is the leaf and stem in math?
The leaf is the last digit on the right or the ones digits. Examples: For 12, 2 is the leaf and 1 is the stem. Basically, a straight vertical line is used.