One provision of the Affordable Care Act is the creation in each state of a new and transparent marketplace where individuals and small employers can purchase affordable,qualified,health insurance plans.This marketplace is called a(n)

Question

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The provision of the Affordable Care Act mentioned in the question refers to the establishment of an insurance exchange in each state, which is a new marketplace for individuals and small employers to purchase affordable, qualified health insurance plans. Therefore, the correct answer is D, insurance exchange. A residual pool is a type of reinsurance mechanism, a catastrophic health insurance pool provides coverage for individuals with high medical costs, and a FAIR plan provides property insurance for those who cannot obtain coverage in the regular market. None of these options accurately match the description of the marketplace created by the Affordable Care Act.

One Provision of the Affordable Care Act Is the Creation