3 The law was enacted by President Obama in 2010; no replacement law has yet been proposed. 4 The landmark health insurance law was bitterly opposed by Republicans. But once the Obamacare repeal legislation is drafted, both chambers will need to approve it, and a presidential signature will be required. For people who have health insurance through the Obamacare system, he said, "The deductibles are so high it doesn't feel like you've got insurance in the first place. The nonpartisan Committee for a Responsible Federal Budget estimated repealing Obama's signature health insurance law entirely would cost roughly $350 billion over 10 years.

Source: India Today January 14, 2017 01:00 UTC