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How Obama would change the ACA: 5 things to know

President Barack Obama backed the Affordable Care Act in 2010 — healthcare reforms baring his name in popular culture, known as ObamaCare. But six years later ahead of a heated presidential race, President Obama penned an article in the Journal of the American Medical Association outlining how he would reform the legislation, according to Fortune.

It was the first time a president published a scholarly article in a peer-reviewed academic journal.

If given the opportunity, President Obama would:

1. Propose a public option insurance plan as competition for private insurers for states with few insurance options.

2. Increasing federal financial assistance for health insurance marketplace enrollees.

3. Taking action to reduce prescription drug costs with new legislation to expand on pharmaceutical company rebates for the government health programs.

4. Allowing Medicare to negotiate prices for select treatments, focusing on the most expensive treatments.

5. Providing tax credits to lower ACA enrollees' monthly premiums for people at the federal poverty line and 400 percent of the federal poverty line.

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