Save by the Bill

Terms
Overhaul-
To renovate or to make overall repairs

CBO-
Congressional Budget Office which is a federal agency responsible for government calculations and analysis

AARP-
American Association of Retired Persons which is a non government organization that promotes the welfare of senior citizens.

http://www.babylon.com/define/35/Economics-Dictionary.html

Late into today the $940 billion health-care reform bill was passed on Capitol Hill. Some people were in favor and some were not. There has been a lot of problems concerning health-care for a while now. Insurance companies have to very trifling. They denied people who were already sick and dropped their customers who got sick. They were very unfair when accepting people for insurance. A lot of people are living with health-care insurance which is very dangerous and some people have even died. The well being of our citizens is vital because without them we would not be a nation. So many have been supporting the bill.

Now that the bill has become law it is estimated that by 2019 95% of people will have health coverage. Rep. Bart Stupak had withheld his vote until he was assured that none of the money is used to fund abortions. After he was assured he and other representatives voted yes. This bill will mandate that insurance companies have to accept all people when if they are already ill. It will expand Medicaid and there will be more taxes for families that earn on $250,000 a year.

I think that even though some people are saying that this bill will ruin are fundamental economy and our freedom that this is a great step forward. We should all care for each other and no one should have to worry that they don’t have insurance to go see a doctor and get help. I predict in the long run this will pay off and we will be a better country because of it.

http://online.wsj.com/article/SB10001424052748703775504575135440191025592.html?mod=WSJ_hpp_LEFTTopStories