Wednesday, December 23, 2009
Historic Health care bill pases the senate
A historic health care bill pass the senate. This is the first out of 3 votes this week. The senate will vote 2 more times and it needs to pass with 60 senators, and after those two the final passage of this bill, this bill will only need 51 which is simple majority of the vote. I think this a historic victory for many Americans. I like this bill because it stops the ''preexisting conditions'' excuse for the insurance company not to give insurance just because you have a preexisting condition like cancer.(which treatments cost a lot). I also like it because it will reduce the deficit by 1.3 trillion over 10 years(these ten years start at 2019-2029 which means it will cost something now, but pay off later). So all Americans will get health care insurance, and if you are poor you get a subsidy to help you pay for it. (note: I think mandatory insurance will increase competition like it did in many other country's who pay less than the U.S) The legislation, according to the nonpartisan Congressional Budget Office, would extend health insurance coverage to over 30 million Americans while reducing the federal deficit by $132 billion over the next decade. The deficit would drop by another $1.3 trillion between the years 2019 and 2029, the CBO said.