After much time for waiting, a draft of the Senate Health Care Bill was made available to the public for Americans to vote. As such, a lot of Americans are now looking for the full text of the Health Care Bill.
Obama is keen on passing this Health Care Bill to help millions of Americans with their health care expenses. With today’s rising costs of health insurance, a lot of Americans cannot afford a decent health insurance adding it to their day-to-day expenses is a burden for them.
The new Health Care Bill shows that the Congressional Budget Office would need to spend $940 billion but reduce the deficit by $138 billion over 10 years. Now, this bill has come to a close opposition by the Republicans arguing that it may hamper or delay the recovery of the US economy from the recent recession with such a huge expenses which will definitely be shouldered by tax payers.
Among the highlights of the Health Care Bill includes the following:
– There will be a standard health insurance for all Americans. Americans who are used to be uninsured individuals will now get health care insurance with the same benefits as the rest of the population.
– The Health Care Bill proposes to have a pool of people, millions of Americans would all buy into these pool to give them more negotiating power in terms of health care costs. It’s like a wholesale of health insurance same as that of the health insurance coverage given by most companies as benefits to their employees.
– In addition, the Health Care Bill proposes to offer tax credits for those Americans who still cannot afford health care costs.
In my own opinion, I think the issue here is the huge costs that the Congressional Budget Office would have to spend vis-a-vis the recovery of the US economy. Added to that is the possibility of a monopoly of the chosen health insurance company killing the businesses of other health care insurance firms which may lead to unemployment of many Americans working in these sectors. Furthermore, rich Americans would probably oppose it too as they want a more personalized health care insurance suitable to their needs.
What do you think about this new Health Care Bill being passed by the Senate? If you have the power to vote on this bill, what would be your vote? Are you pro or against it?
To better think about your vote, you can find the FULL TEXT of the Health Care Bill here.
Here is a youtube video I found entitled “The Cost of Inaction”