The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Individuals

Is There A New Government Run Insurance Plan?

There is no government run insurance plan or single payer system established under the Affordable Care Act. The government will only run the health care exchanges and the insurance industry will still be run by private companies. Public exchanges will be available in all 50 states and 4 levels of health care insurance will be offered. They are platinum, gold, silver and bronze. Each insurance plan will offer the “minimum essential coverage”, which is needed to avoid paying a penalty. Private exchanges will be available as an alternative to the public exchanges.

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