No, Obamacare is not socialized medicine. Obamacare is another name for the Affordable Care Act, although people also often use the term Obamacare to refer to health plans sold through the health insurance exchange in each state. These plans are offered by private health insurers such as Anthem, Kaiser, Cigna, Ambetter, Oscar, and UnitedHealthcare. And the doctors and hospitals that participate in their networks are also privately run, each with their own insurance contracts. The government is only involved insofar as it regulates the coverage that can be offered, and provides premium subsidies to eligible exchange enrollees (most enrollees are subsidy-eligible; this calculator will help you quickly determine your own subsidy eligibility). The coverage regulations include requirements that health plans cover pre-existing conditions, cover the essential health benefits without caps on how much the plan will pay, have adequate provider networks, etc. But Obamacare is not socialized medicine, or anything even close to it.