What is the intent of the Patient Protection and Affordable Care Act (PPACA)?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

The Patient Protection and Affordable Care Act (PPACA) was designed specifically to increase the affordability and quality of health insurance coverage for individuals and families. Enacted in 2010, the core intent of the law is to expand access to health insurance, enhance the quality of care, and reduce overall healthcare costs.

By implementing measures such as the creation of health insurance marketplaces, imposing regulations on insurance companies to prevent denial of coverage based on pre-existing conditions, and providing subsidies to help lower-income individuals afford insurance, the PPACA strives to make healthcare more attainable and comprehensible for the general public. In essence, the law aims to ensure that more people have access to health insurance, thereby improving the overall health and well-being of the population.

The other choices do not accurately reflect the law's purpose. For instance, decreasing the rate of health insurance coverage contradicts the intention of increasing coverage; eliminating private health insurance would undermine the choice and competition the law seeks to foster; and restricting access to government programs runs counter to the goal of improving healthcare availability for all citizens.

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