The Patient Protection and Affordable Care Act (PPACA), more commonly known as the Affordable Care Act (ACA) or Obamacare, is revealing much of its impact in 2014 as it comes into full effect. The Act was passed in 2010 by President Obama with the objective to improve the quality and affordability of health insurance and make it accessible to a larger population. That said, what impact is it having on the health insurance sector, on the customer and the service providers? In the first of this 3-part series, we discuss its implications on the health insurance industry.
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