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The Affordable Care Act created an annual fee on certain health insurance providers beginning in 2014. On Nov. 26, 2013, the Treasury Department and IRS issued final regulations on this annual fee imposed on covered entities engaged in the business of providing health insurance for United States health risks.
Transamerica Center for Health Studies. Affordable Care Act (ACA) Overview. The Affordable Care Act is a 2010 federal law establishing protections for individuals with their health insurance coverage, standards for care by doctors and hospitals and an expansion of health insurance coverage. Read More Â».