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→Basic Requirements
== Basic Requirements ==
== Basic Requirements ==
[[File:Obama-smoking-460 1121795c.jpg|right|300px|thumb|Much was made about denial of coverage by insurance companies for people with pre-existing conditions. Of the 40 million uninsured, at least 25 million had the pre-existing condition of being smokers. Obama himself suffered from the same pre-existing condition.]]
[[File:Obama-smoking-460 1121795c.jpg|right|300px|thumb|Much was made about denial of coverage by insurance companies for people with pre-existing conditions. Of the 40 million uninsured, at least 25 million had the pre-existing condition of being smokers. Obama himself suffered from the same pre-existing condition.]]
Beginning in 2014, Americans are required to buy government-approved, private health insurance or else pay a penalty.
Beginning in 2014, Americans were required to buy government-approved, private health insurance or else pay a penalty.
Health insurance companies will be required to spend on medical care at least 80% of the premium payments they receive from individual and small-group plans (and at least 85% from large group plans). The federal government will define what constitutes medical care.
Health insurance companies will be required to spend on medical care at least 80% of the premium payments they receive from individual and small-group plans (and at least 85% from large group plans). The federal government will define what constitutes medical care.