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TERM OF THE DAY Obamacare The informal name for a national health care plan focused on creating better access to affordable coverage in the US. It was signed into law in March of 2010 as The Patient Protection and Affordable Care Act. Among other important things, Obamacare creates exchanges where Americans can shop for different plans and see if they qualify for certain health care subsidies. Why Is It Important? Obamacare, also known as the Affordable Care Act (ACA), is a recently passed health care policy proposed and supported by President Barack Obama. The act's primary objective is to make quality health insurance more affordable and available to the American public. It also requires that insurance companies have minimum standards and rates regardless ... Learn more about this term Usage Example "Obamacare" is a nickname given to President Obama's Affordable Care Act. Most people seem to be strong supporters of Obamacare, but there is also very vocal segment of the population that is against the policy. Source: BD Staff