Describe the Affordable Care Act?(1 point)

Responses

A federal program authorizing Medicare to expand to all who need it.
A federal program authorizing Medicare to expand to all who need it.

A federal health insurance law designed to ensure that most Americans have access to quality health insurance at reasonable prices.
A federal health insurance law designed to ensure that most Americans have access to quality health insurance at reasonable prices.

A federal program authorizing the states to redirect monies meant for Medicare to Medicaid.
A federal program authorizing the states to redirect monies meant for Medicare to Medicaid.

A federal program that created a tiered health care system where the level of health care a person has access to is directly related to their income.
A federal program that created a tiered health care system where the level of health care a person has access to is directly related to their income.

The Affordable Care Act, also known as Obamacare, is a federal health insurance law enacted in 2010 with the goal of increasing access to affordable health insurance for Americans. It includes provisions such as expanding Medicaid eligibility, creating health insurance exchanges for individuals to purchase coverage, providing subsidies to lower-income individuals, and implementing regulations to protect consumers. The law also includes provisions to improve quality of care, lower healthcare costs, and prohibit insurance companies from denying coverage based on pre-existing conditions.