It was what they call a squeaker, but it passed; a health care reform bill that will overhaul the existing health system in the U.S. It’s the first step toward implementing major changes over the next few years. Many of the changes will come into effect in 2010, and we can certainly expect to see more coming after that.
The bill passed by a vote of 220 to 215, and the legislation would extend health insurance to tens of millions of uninsured Americans and enact dramatic changes to the country’s medical system. In addition, the bill would cost $1.2 trillion over the next ten years and mandate most employers to offer health coverage; and prohibit insurance companies from denying coverage based on a person’s medical history. There’s a public health insurance option in the bill with the alternative of people being able to keep their current plans if they like them.
While this all sounds pretty good, the question becomes how will it all be implemented? Stay tuned for interesting developments in this area.