Obama Signs Historic Healthcare Bill Into Law on Tuesday
March 23, 2010
(ChattahBox)—President Obama will sign the historic healthcare reform bill into law on Tuesday, after a hard-fought and often divisive battle with Republicans, unhinged teapartiers and health insurance lobbyists to remake the broken health insurance system in our country. The event will be somewhat low key, as the Senate still has to succeed in passing a package of budgetary fixes through the upper chamber, but as soon as Obama signs the bill today, it becomes the law of the land.
The signing ceremony will take place shortly before noon today, which will make Obama the only U.S. President in history able to reform the nation’s dysfunctional healthcare system. After Obama signs the bill, he is scheduled to meet with officials at the Interior Department to thank supporters and discuss the provisions of the new bill.
Some reforms in the bill will begin to help Americans almost immediately, including prohibiting insurance companies from denying coverage for children who have pre-existing conditions, allowing non-dependent children to be covered by their parents’ insurance policies, until they are 26 years old and a ban on lifetime health insurance caps. Other reforms will gradually become phased in from now until 2014.
The Washington Post has a handy calculator tool, which shows how the new healthcare reform bill will affect Americans, based on income, family size and current insurance status.