Follow Barack Obama prior and during his tenure as the 44th President of the United States. Read about my personal observations along with every day facts as they happen. This blog will only submit factual information about the first black President, now in his 2nd term of office.


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Senate Bill, 2,074 pages - $849 Billion arrives

Thursday, November 19, 2009

An unprecedented cost of $849 billion would expand heath coverage to 30 million more people over the next 10 years. This sounds like allot of money spent, and it cannot be denied, because it is. But the Congressional Budget Office (CBO) estimates that it will reduce the federal deficit by at least $130 billion during the same time frame. Small budget deficits would be seen, but it is uncertain how it may affect the general population.
Passing the health reform bill no doubt is the number one priority for President Obama in 2009, and no matter how much he wants it to be a done deal this year, most likely a joint bill will not be devised to be sent to the President's desk for his signature until possibly January or February of 2010. Regardless, President Obama will have accomplished something that no other modern President in history has done, and that is to enact a new health insurance plan to affect the citizens of this country. The only other most recent issue that affected so many people and is a tool that so many senior citizens use is Medicare.
The bill not only helps the 30 million people that do not have or cannot afford health insurance, but it also is designed to lower the costs of people that already have health insurance. According to President Obama, the Senate proposal "meets those principles."
Actually, there were two separate Senate bills created, but the Senate committees condensed there bills into one and will now go to the full Senate. Without a doubt, the Republicans will try to shoot it down, as they have vowed to block the Senate bill. The blockage, known as a filibuster, will be presented to try to stop the chamber's from debating the bill. The debate still most likely will take place, and only 60 more votes would be needed to close the debate. To pass the Senate version, just a simple majority of votes would be all that is needed at the end to pass it in the Senate.
The above statement is a summary of what needs to happen in a nutshell. But also to be considered is that the bill would prohibit illegal immigrants from participating in a health insurance exchange created for those unable to afford health coverage and would prohibit the use of federal funds for abortion coverage in the exchange.
Tax increases would be seen for people earning over $200,000 a year, or $250,000 a year for couples.


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