If you are uninsured because health coverage seemed too expensive the last time you looked, itâs time to look again. A new federal law could make it a whole lot cheaper to buy your own insurance if you donât get coverage through an employer or a government insurance program such as Medicare or Medicaid. The law, the American Rescue Plan, provides billions of federal dollars to reduce premiums for people who buy their coverage through the insurance exchanges established by the Affordable Care Act. The aid expands a federal tax credit created by the ACA that you can take upfront as a ...