New Health Care Bill Passed by U.S. Congress

Posted by on Mar 23rd, 2010 and filed under Featured, News Articles. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Congress make way to the passage of New health Care Bill, March 22. House Democratic leaders celebrated its passage led by Democratic Caucus Vice Chair Xavier Becerra, House Majority Leader Steny Hoyer, Speaker of the House Nancy Pelosi, and Caucus Chair John Larson.

In relation to the newly approved bill, the Federal Government  committed its budget through 2019, but decreases it for the following decade. Meanwhile, Congressional Budget Office discloses the  estimated budget for the Health Revenue Legislative package that the House is expected to vote on later today.

CBO explains that the combined package will positively cut the deficit by slightly more over the next ten years  amounting to more or less $143 billion. It is higher compare to what was previously estimated which is only around $138 billion. It is still expected that the legislation would increase the number of people with health coverage by 32 million in 2019.

One expert in Budgetary Matters said that the basic structure of the legislative package needs to extend the commitment to Health care in the next decade. This has to be done while paying for that expansion using other revenue sources. Reducing the overall health commitment in later years will also be of help.

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