human
I've been hearing a lot about the new health care law. What is it and how will it affect me?
assistant
The Affordable Care Act, also known as Obamacare, is a set of laws that was passed by Congress in 2010 to provide access to affordable health insurance for all Americans. It sets up a system where people who don't have access to employer-sponsored coverage can buy private insurance plans through an exchange, or marketplace. These exchanges are regulated by the federal government and offer standardized benefits packages at competitive prices. In addition, subsidies are available to help lower-income individuals and families afford their premiums.