Affordable Care Act (ACA): Also known as Obamacare, the Affordable Care Act is a comprehensive healthcare reform law enacted in 2010 that expanded access to health insurance, regulated the insurance industry, and introduced measures to control healthcare costs.
Single-Payer System: A healthcare system in which a single public or government entity acts as the sole payer for all healthcare services, typically financed through taxes, and provides universal coverage for all citizens.
Managed Care: A healthcare delivery system that aims to manage the cost, utilization, and quality of medical services by coordinating patient care and utilizing various cost-control mechanisms, such as HMOs and PPOs.