Monday, January 4, 2010

Individual Health Insurance Affected By Reform

The Senate voted for health care reform last week and changes are just around the corner. According to the article “Senate Approves Health Care Bill” by Robert Pear on nytimes.com, the passing of the bill will guaranteeindividual health insurance to millions of Americans and also keep health care costs down.

The new bill has many parts to it but one of the main points is that it would require most Americans to carry health insurance and it would add 15 million people to Medicaid to subsidize private coverage for low and middle income residents. The budget office believes the bill would offer coverage to about 31 million uninsured Americans but still leave an unsettling 23 million uninsured by 2019.

If this bill does end up becoming a law it will be a major milestone in US history. This initiative does not carry full support from both sides of Congress which makes it even more complicated. Only one Republican voted for the House bill last month and in regards to the Senate version, no Republicans voted for that. This my end up being counterproductive as government tries to improve our health care system.