A comprehensive healthcare reform law enacted in March 2010 during the Obama administration. It was designed to increase health insurance quality and affordability, lower uninsured rates by expanding public and private insurance coverage, and reduce costs of healthcare for individuals and the government.
Consider this like an all-inclusive resort package. Just as such packages aim to provide more amenities at an affordable price for everyone involved, Obamacare aimed to provide more comprehensive health care coverage at lower costs for all Americans.
Medicaid Expansion: An aspect of Obamacare that allows states to extend Medicaid eligibility to nearly all low-income individuals under age 65.
Individual Mandate: A requirement under Obamacare that most people obtain health insurance or pay a penalty (repealed in 2017).
Health Insurance Marketplace/Exchange: Online platforms where people can shop for health insurance coverage under Obamacare.
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