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Today is: Saturday September 4, 2010

"Obama Signs Affordable Health Care for America Act", March 2010

Summary: Obama signs the Affordable Health Care for America Act. The official event was held at the East Room of the White House and had special guests such as Vicki and Patrick Kennedy, Edward Kennedy's wife and son.

This landmark bill will make Obama the first American president who has succeeded at revamping the nation's health care system. The bill will provide coverage to an estimated 30 million people who currently do not have health insurance. It will require most Americans to have health insurance coverage, will add 16 million people to the Medicaid rolls, and will subsidize private coverage for low- and middle-income people.

The nonpartisan Congressional Budget Office states that it is expected to cost the government around $938 billion over the next 10 years. The bill is expected to reduce the federal deficit by $138 billion over a decade.

Link: http://www.nytimes.com/2010/03/24/health/policy/24health.html

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