Congress has finally approved the historic legislation Sunday night, March 21st, which will extend health insurance coverage to millions of uninsured Americans. The bill will crack down on health insurance company abuses according to the article “House Sends Health Care Bill to Obama’s Desk” found on MSNBC.com.
The vote was extremely close, 219 for, and 212 against. Republicans were unanimously against the bill and 34 Democrats were not for it. This has caused many disgruntled Congressmen, and there is extreme passion on both sides of the debate. Medicare and Medicare supplement insurance will still be available, but some other changes have people concerned.
The non-partisan Congressional Budget Office has determined that the bill awaiting the President’s approval, would extend health insurance coverage to 32 million Americans, ban insurance companies from denying coverage for pre-existing conditions, and actually cut deficits by about $138 billion over the next 10 years. If this bill becomes reality and reaches its potential it has the ability to include 95% of all eligible individuals under the age of 65.
There will also be a mandate that most people will be required to carry health insurance and there will be penalties for those who do not comply. Even though there is plenty of time before all of this goes into effect, this is a good time to start shopping around for health insurance quotes .