The United States House of Representatives made history late Sunday night by passing the Senate version of the healthcare reform bill by a narrow but firm margin of 219-212. Further the House also passed the “fix it” bill of House amendments to the Senate bill, by a margin of 217-205. Every House Republican voted against the bill.In due course it is expected that the bill passed on Sunday would lead to additional insurance coverage for almost 32 million more Americans, bringing the healthcare system closer than ever to the goal of universal coverage. It will also weaken the grip of health insurance companies over the market by preventing them from denying coverage based on pre-existing conditions and restrict their ability to raise premiums or drop coverage.
Further, children may remain on their parents' insurance policies until the age of 26 and insurance companies would no longer be able to impose lifetime limits on policies. The costs of obtaining insurance cover would also fall for older people and those with pre-existing conditions through their participation in “high-risk pools.” Small business would also derive such benefits by participating in state-level exchanges and some businesses would face penalties for not providing their employees with insurance.
Via: The Hindu News
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