House approves health bill Sunday
PIN IT!The health reform bill has finally passed in Congress with a 219-212 vote. The bill, which has generated thousands of debates since it’s introduction, was a giant victory for the Democratic party. The bill, which will expand coverage to 16 million Americans on the Medicaid rolls as well as subsidize private coverage for low income families, is said to cost the federal government upwards of $938 billion in the next 10 years. Although the bill’s cost is high, the Congressional Budget Office is estimating that it will reduce the United State’s federal deficit by $143 billion in the next 10 years. Along with abortion language and expansion, the bill also states that children can stay on their parent’s insurance until their 26th birthday and some small businesses will be able to obtain small credits to get their employees insured.
For more up to date coverage on the health bill, visit www.nytimes.com.
