The Affordable Care Act, also known as Obamacare, is a healthcare reform law passed in 2010 with the goal of increasing access to affordable health insurance and improving the quality of healthcare in the United States.
Related terms
Health Insurance Marketplace: A platform where individuals and small businesses can compare and purchase health insurance plans.
Individual Mandate: A requirement under the Affordable Care Act that individuals must have health insurance or pay a penalty.
Medicaid Expansion: An optional provision of the Affordable Care Act that allows states to expand their Medicaid programs to cover more low-income individuals.