U.S. News: Health Care Reform: Years in the Making, Still Doesn't Satisfy
Major U.S. news stories, from health-care reform to "Don't Ask, Don't Tell"
Arizona Immigration Law Pushes the Limit | Landmark Financial Regulation Bill | Midterm Elections | A New Era for U.S., Russia, and Nuclear Arms | The Official End to the War in Iraq | Passing the Buck on "Don't Ask, Don't Tell" | Same-Sex Marriage Ban Temporarily Overturned in California | The Supreme Court: Personnel Changes & Major Decisions | Tea Party Victories
Health Care Reform: Years in the Making, Still Doesn't Satisfy
Reform Finally Passes
Among other new regulations, the Patient Protection and Affordable Care Act allows children to stay on their parents' health insurance plans until age 26, prevents insurance companies from denying coverage due to a patient's "pre-existing conditions," subsidizes private insurance for low- and middle-income Americans, and requires that all Americans have some sort of health insurance. The Congressional Budget Office estimates that the law will reduce federal budget deficits by $143 billion over the next 10 years. The government plans to fund health-care reform with a tax on high-cost employer-sponsored health plans and a tax on the investment income of the wealthiest Americans. The act was nicknamed "Obamacare" by Republican detractors who believe the new law is too expensive and verges on socialism. Some Democrats felt the plan wasn't far-reaching enough. Most of the changes won't go into effect until 2014.
For more information related to health care:
- More from 2010 Year in Review