In the context of healthcare in the United States, a pre-existing condition is a medical condition that started before a person's health insurance went into effect.
The United States of America, commonly referred to as the United States or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
Health insurance is insurance against the risk of incurring medical expenses among individuals.
Health care in the United States is provided by many distinct organizations.
You're Covered: The End of Pre-Existing Conditions by seeprogress
Before 2014 some insurance policies would not cover expenses due to pre-existing conditions.
Faces of Change: Eliminating Pre-existing Conditions by BarackObama.com
These exclusions by the insurance industry were meant to cope with adverse selection by potential customers.
Adverse selection is a concept in economics, insurance, and risk management, which describes a situation where market participation is affected by asymmetric information.
Insurance is a means of protection from financial loss.
Such exclusions are prohibited after January 1, 2014, by the Patient Protection and Affordable Care Act.
The Patient Protection and Affordable Care Act, commonly called the Affordable Care Act and nicknamed Obamacare, is a United States federal statute enacted by President Barack Obama on March 23, 2010.