February 6, 2014
By Stephanie West
The Affordable Care Act, which was designed to expand health insurance coverage, and slow the growth of health care costs, also address income inequality. According to researchers at the Brookings Institution the law will improve the economic well-being of those with incomes in the bottom 20th percentile, increasing their income of almost 6%.
The law benefits lower-income Americans by requiring employers to offer affordable health insurance to their full-time employees. It also makes private health insurance affordable by providing for refundable tax credits. In addition it expands eligibility for Medicaid.
Clearly the Affordable Care Act is a foundation for health and economic security for the middle class and those with lower earnings.
