TTUHSC School of Medicine Regional Dean breaks down Obamacare

The Health Care Reform Act, or better known as Obamacare has many scratching their heads. So what is it? Who will it benefit and how will you be affected?

The American Association of University Women hosted an information session regarding Obamacare.

TTUHSC School of Medicine Regional Dean Dr. Richard Jordan made a house call to break down the information.

"It's an attempt to make a much larger portion of the American population insured so that they've got a policy," said TTUHSC School of Medicine Regional Dean Dr. Richard Jordan

Obamacare is mainly Medicaid expansion. It is funded by Medicare cuts, new taxes and higher insurance premiums. Dr. Jordan said those who really need to understand the health care reform are those with Medicare, and business owners.

"More Medicaid means fewer services for Medicare patients, and what is the effect on employment?" said Jordan.

Fewer doctors will see patients with Medicare and businesses now have the option of paying a fine rather than providing employees with this health insurance. Yet everyone is still required to have insurance, if not you will be fined.

"The government has to have everybody in some kind of insurance policy because they need that money to fund the affordable care act," said Jordan.

Texas can choose not to accept the Medicaid expansion, but regardless many will sign up for Medicaid because of the penalty they face.

"In Texas, whether the governor decides to accept the Medicaid expansion or not, it's going have to have that bill come in," said Jordan. "There will be a higher percentage of Medicaid in the Texas budget."

Funding for the newly eligible will be funded 100 percent by the federal government until 2017. Then they pay 90 percent. The question is, how much will that percentage change after 2020?

"I do think that anytime new fee's or taxes come up to play, there are repercussions," said Denette Fenstermaker. "It's just that we don't know what the effects are going to be long term until we go through them."

Fenstermaker says a positive she sees is that everyone will have uniformed insurance, but that funding and when and who will foot the bill is still a concern.