News: President Obama signs healthcare reform bill
Case Management Weekly, March 24, 2010
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President Barack Obama signed the Affordable Health Care for America Act into law Tuesday morning.
The U.S. House of Representatives passed the bill Sunday night by a vote of 219–212.
The new law will:
- Provide coverage to an estimated 30 million uninsured Americans
- Require most Americans to have health insurance coverage
- Add 16 million individuals to the Medicaid program
- Subsidize private coverage for low- and middle-income individuals
The Congressional Budget Office (CBO) estimates this will cost the government $938 billion over 10 years. The CBO also estimates it will reduce the federal deficit by $138 billion over a decade.
Source: The New York Times
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