Monday, March 22, 2010

Health Care Reform Passes

According to a Humana newsletter after a long and sometimes contentious day of debate, at 10:45 p.m. Sunday night the health reform bill passed the House. The vote was 219-212, with all Republicans and 34 Democrats voting no. Since the bill already passed the Senate on Christmas Eve, it will become law as soon as the President signs it – probably in the next two days.

Less than an hour after the House passed the reform bill, it passed a package of fixes in the form of a budget reconciliation bill. That vote was 220-211. The reconciliation bill will now go to the Senate. Senate leaders say they are likely to take it up later this week – perhaps as early as Tuesday. At this point there is no way to know if the process in the Senate will go fast or slow. Senate Majority Leader Harry Reid says he has the votes to move the bill quickly, but the Republicans may challenge whether some parts of it are appropriate for the reconciliation process.

The Senate bill would:
Mandate everyone must get insurance
Result in about 30 million additional people becoming insured
Subsidize coverage for people who can't afford insurance; increase the number of people eligible for Medicaid
Raise money to pay for these things through new fees, taxes and cuts to Medicare Advantage
Change the payment formula for Medicare Advantage
Make many changes in the way insurance companies operate, from saying they have to sell insurance to everyone, regardless of pre-existing conditions and health status, to selling insurance to individuals and small businesses through an exchange

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