March 26, 2010

Health Bill Passed

Filed under: Uncategorized — toryjohnson30 @ 7:31 pm

Obama has now signed into law the Patient Protection and Affordable Care Act, a comprehensive health care reform bill. The democrats were able to pass this bill with 216 votes in the House, which is the minimum amount of votes needed. This bill was unanimously opposed by republicans who are now vigorously working to try and repeal this bill through the courts. This bill would go into effect a couple years from now and will cost $940 billion making almost all Americans carry health insurance or face some type of penalty. As of now, there are about 23 million Americans who do not carry any type of insurance, so they would be forced to buy one, and if they cannot afford it, the government will supply them with medicare or medicaid. Since these people cannot afford health insurance, individuals who make over $250,000 annually will have a tax increase to help pay for the increased medical coverage.

p.s. it is quite a large bill


1 Comment »

  1. Not sure if its a good idea for the economy. A bunch of companies came out with the numbers on how much this bill would cost them. For some it was in the billions. How many jobs is that?

    Comment by Novak — April 2, 2010 @ 4:56 pm | Reply

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