Obamacare has been one of the most controversial laws passed in decades, with sharp debate over whether the law's reform provisions will actually result in cost savings for the American population overall. But most analysts are ignoring an important component of savings for millions of previously uninsured Americans.

In the following video, Fool contributor Dan Caplinger notes how most of the attention has centered on the cost of buying insurance policies under Obamacare. Yet as Dan points out, you also have to consider the savings that having health insurance brings in comparison to having to pay full price for health care services. By giving millions of Americans access to the favorable prices for health care services that insurance companies negotiate with health care providers, Obamacare could produce more overall savings than many expect.

Obamacare will undoubtedly have far-reaching effects. The Motley Fool's new free report "Everything You Need to Know About Obamacare" lets you know how your health insurance, your taxes, and your portfolio will be affected. Click here to read more. 

Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends UnitedHealth Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.