Covered California is best described as:

a.A self-insured health plan operated by the State of California
b.A federal Medicare Advantage program
c.California's state-based ACA health insurance exchange offering qualified health plans and premium subsidies
d.A private association that sells short-term medical coverage

Explanation

Covered California is the state-operated Affordable Care Act exchange (marketplace) where individuals and small employers can compare and enroll in qualified health plans and where income-eligible enrollees receive federal and state premium assistance.

Law Reference: Cal. Gov. Code §100500 et seq. (Covered California)

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