In 2010, the Patient Protection and Affordable Care Act (as amended, the “Affordable Care Act”) was signed into law by the President. Though one of the purposes of the Affordable Care Act is to make healthcare more affordable for Americans, in the short-run healthcare is expected to be less affordable for certain members of the U.S. workforce. Pockets of the U.S. economy likely will experience a slow-down in growth due to increased costs and business decisions driven by the new mandates under the Affordable Care Act.
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