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Insurance Exchanges
Online marketplaces established to facilitate the purchase of health insurance in accordance with the Affordable Care Act.
Personal Mandate
The authority granted to an elected official by their constituents, often interpreted as a directive to follow through on specific policies or priority issues.
PPACA
Patient Protection and Affordable Care Act, a significant healthcare reform law in the United States aiming to improve healthcare access, reduce costs, and enhance healthcare quality.
Employer Mandate
The requirement under the Patient Protection and Affordable Care Act (PPACA) of 2010 that firms with 50 or more employees pay for insurance policies for their employees or face a fine of $2,000 per employee per year. Firms with fewer than 50 employees are exempt.
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