In March 2010, President Obama fulfilled a promise that Democrats have pursued for nearly a century: making health care available to all Americans. Despite unanimous opposition from Republicans, Democrats were finally able to pass comprehensive health reform into law.
By 2014, health reform will eliminate all discrimination for pre-existing conditions, start the process of expanding health insurance coverage for an additional 32 million Americans, and provide the largest middle-class tax cut for health care in history.
The Affordable Care Act has already begun to end the worst insurance company abuses. Since 2010, children with pre-existing conditions can no longer be denied insurance.
The Affordable Care Act also provides tax cuts to small business to help offset the costs of employee coverage, and tax credits to help families pay for insurance. Health reform will also lower costs for families and for businesses and for the federal government, reducing our deficit by more than $1 trillion in the next two decades alone.
And health reform strengthens Medicare by reducing fraud, improving quality of care, and closing the Medicare “donut hole” gap in seniors’ prescription drug coverage.
Like Medicare before it, the Affordable Care Act lays a new foundation for our country that will bring additional security and stability to the American people for generations to come.