President signs economic bill to jumpstart healthcare reform
Hospitalist Leadership Connection, February 17, 2009
President Barack Obama signed the economic stimulus bill into law on Tuesday, estimated at $787 billion in tax cuts and spending during the next two years. Called the American Recovery and Reinvestment Act (H.R. 1), the law targets healthcare as one of the catalysts to renovate the U.S. economy.
The American Recovery and Reinvestment Act includes more than $100 billion in Medicaid adjustments and Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidies for unemployed workers, according to Healthcare Finance News. The bill also includes $19 billion for health information technology integration.
The President will release details on the first budget proposal on Feb. 26, outlining the plan for the 2010 fiscal year, according to Reuters.
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