By Dez Duran-Lamanilao

President Barack Obama signed into law on March 23, 2010, the Patient Protection and Affordable Care Act, also known as the Affordable Care Act (ACA) or by its nickname, Obamacare. Much controversy has surrounded the law, which aims to extend health insurance coverage to around 15% of the US population who do not have access to it. President-elect Donald Trump expressed his willingness to keep the elements of Obamacare, despite the obvious opposition of congressional Republicans and their calls to officially cancel the whole program.

While insurance companies and brokers, as well as businesses, are continuously analyzing the impact of ACA on their respective organizations, many Americans are still somewhat confused with regard to the implications of the law to their everyday life. As outlined on the Democratic Policy and Communications Committee (DPCC) website, below are the vital elements of reform being addressed by ACA:

  1. Quality, affordable health care for all Americans
  2. The role of public programs
  3. Improving the quality and efficiency of health care
  4. Prevention of chronic disease and improvement of public health
  5. Health care workforce
  6. Transparency and program integrity
  7. Improving access to innovative medical therapies
  8. Community living assistance services and supports
  9. Revenue provisions

Sources: BBC,

Insurance experts can help you find out if you qualify for a health insurance plan, how much you can save or are eligible for Medicaid and the Children’s Health Insurance Program (CHIP). The risks of not having health insurance, aside from having to pay a tax penalty, include not having access to basic care such as a flu vaccine or prescription medicine, reduction in income and even bankruptcy. Most importantly, you are foregoing the chance of having a peace of mind in knowing that you have secured your health and future, and that of your loved ones.