A Look Back at the Affordable Care Act

Drug Topics December 5, 2024
Lois Levine, MA

The Affordable Care Act was passed in 2010 to make health care and prescription medicine more accessible. Did it succeed?

In March 2010, the Affordable Care Act (ACA) was signed into law. Its aims included expanding and revamping Medicaid and Medicare; offering affordable health insurance for all population groups; introducing regulated health insurance exchange markets to ensure competitive pricing for insurance; and supporting innovative medical care delivery methods to lower health care costs.¹

For older Americans, the ACA represented an important financial benefit. “The ACA gradually closed Medicare Part D’s doughnut hole [the gap in coverage] between 2010 and 2020, which enabled millions of [older Americans] in that program to more easily afford their prescriptions,” noted the authors of a...

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