What does the acronym ACA stand for in health insurance?

The acronym ACA stands for the Affordable Care Act. This landmark piece of legislation was enacted in 2010 and aimed to increase health insurance quality and affordability, lower the uninsured rate, and reduce healthcare costs. It introduced several key provisions, including the expansion of Medicaid, the establishment of health insurance exchanges, and the mandate for individuals to have health insurance or pay a penalty. The Affordable Care Act has had a profound impact on the American healthcare landscape, encouraging preventive services and prohibiting discrimination against those with pre-existing conditions, thereby enhancing access to essential health services for millions of Americans.

The other options do not represent a recognized piece of legislation or common terminology in health insurance. The American Care Association is not a term associated with health insurance legislation; Annual Coverage Adjustment refers more generically to annual changes in coverage rather than a specific act; and the Assured Coverage Act does not exist as an identifiable legal framework in the context of U.S. health insurance. Thus, the accurate representation of ACA is indeed the Affordable Care Act.