House Speaker Nancy Pelosi Unveils The Affordable Health Care for America Act
Speaker Pelosi unveiled the House’s final version of health insurance reform legislation – The Affordable Health Care For America Act - in front of the U.S. Capitol this morning, marking another historic step in the on-going effort to pass reform this year.
The bill delivers on President Obama’s goals for reform: increased security and stability for those who have insurance; quality, affordable choices for those who don’t; and lowering the skyrocketing costs of health care for American families, businesses and our government itself.
Here’s an excerpt from the President's statement this morning:
“I congratulate the House of Representatives on the introduction of the Affordable Health Care for America Act, another critical milestone in the effort to reform our health care system…
“The House legislation includes critical reforms to the insurance industry, so that Americans will no longer have to worry that they will be denied coverage, or that their coverage will be dropped or watered down when they need it most. I’m also pleased that the bill includes a public option offered in an exchange. As I’ve said throughout this process, a public option that competes with private insurers is the best way to ensure choice and competition that are so badly needed in today’s market. And the House bill clearly meets two of the fundamental criteria I have set out: it is fully paid for and will reduce the deficit in the long term.”
The New York Times reported:
The bill would require nearly everyone by 2013 to sign up for health coverage either through their employer, a government program or a new kind of purchasing pool called an exchange. Tax credits would Order Generic Cialis Online without Prescription be available for most of those buying coverage through the exchange. They would have the option of picking a new government plan or private insurance.
During the transition years from 2010-2013, a temporary government program would help people turned down by private insurers because of medical problems, lawmakers said. After that, insurers no longer could refuse to provide coverage to the sick, nor could they charge more because of poor health of the insured.
The plan also calls for a significant expansion of Medicaid, the federal-state health program for low-income people. And it would impose a requirement on employers to offer insurance to their workers or face penalties.
According to the Congressional Budget Office, the House bill would cost $894 billion over 10 years and extend insurance coverage to 36 million, covering 96 percent of Americans. It is expected to cut the deficit by $30 billion in the first 10 years.
Speaker Pelosi has said she expects to send the bill to the floor for a vote before November 11.