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WASHINGTON - The new health care bill signed into law on March 23 will make medical care both more available and more affordable. U.S. Rep. John Spratt (D-SC) voted for passage, to put insurance within reach of 32 million more people, raising coverage to 95% of all Americans.
"We have the best medical care system in the world," said Spratt, "but it is also the world's most expensive, and care is not readily available to millions of Americans who need it. The rising cost is not sustainable, not only in household and business budgets, but in the federal budget as well. The challenge is to expand coverage while containing cost."
If impact on the deficit is the measure, this legislation meets the challenge. According to the Congressional Budget Office (CBO), the cost containment, revenue, and other saving measures in the new law will lower deficits by $143 billion over the next ten years and by $1.2 trillion over the following ten years.
Most of the new law will take time to implement, and many changes will not be operative until January 1, 2014. However, many benefits will come within months.
Click here to read about -
- 18 Immediate Benefits You'll See Right Away
- Other Highlights
- Changing Insurance Underwriting Rules
- Advantages for the 5th District of South Carolina
- Deficit Reduction
- Wellness and Prevention
- Abortion
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