The U.S. House of Representatives passed the Reconciliation Act of 2010 (H.R. 4872) which combined parts of the Senate Health Care Reform Bill and a subsequent plan put forth by President Obama on February 22. Health care reform will cost $940 billion over the next ten years, but will reduce the deficit by $130 billion by decreasing costs in other related programs and by increasing revenues through additional taxes.
Share Your Opinion - Should Health Care Be Reformed?
What It Means to You
If you like your health care insurance, reform won't change it. If you don't, Obama's plan will mean lower health insurance costs. Without health care reform, Medicare and Medicaid costs will rise from 6% (current) to 15% of GDP by 2040. Health care reform will extend insurance to 32 million Americans, reducing expensive visits to the emergency room, which we all eventually pay for anyway.
- Health Care Spending Is Unsustainable
- How Health Care Reform Affects the Economy
- Current Status of Health Care Reform
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