US health insurance bill passes
Posted on 08. Nov, 2009 by Turbo in Buzz
In what had been branded as a landmark win for the US President Barack Obama, the health insurance bill passes .
The Democrat-controlled House passed the healthcare bill so it increases cover to many citizens who are hitherto not covered however, put newer restrictions on existent insurance industry.
According to the new legislation, Americans who hitherto could not afford to will get insurance as well as subsidies. Besides companies should offer cover to employees. Furthermore, there will be penalty on consumers as well as companies should they breach the government mandate.
Thanks to the bill, insurance companies now cannot levy heavy premium on gender bias and based on a person’s past medical history.
But there had been some moments of anxiousness for the bill to get passed by the House. The vote had been a 220 to 215. Joseph Cao, La, a Republican voted pro for the measure and 39 Democrats voted against.
President Barack Obama applauded the House for passing the health insurance bill. He was quoted of saying that he is “absolutely confident” about Senate passing the legislation.
Obama remarks he looks forward to signing the legislation into the law by 2009.
