We signed into law the Patient Protection and Affordable Care Act (ACA) on March 23, 2010, enacting comprehensive health insurance reforms that will hold insurance companies more accountable, lower health care costs, guarantee more health care choices, and enhance the quality of health care for all Americans. The ACA gives Americans the stability and security they need by ending many discriminatory and abusive insurance industry practices; expand- ing coverage to more than 30 million Americans who lack insurance; cutting waste and reforming health care delivery so that patients receive high- er quality care; and doing it all without adding a dime to the deficit. In fact, the ACA will reduce the deficit by more than $1 trillion over the next two decades. Considering that rising health care costs are a major contributor to the deficit and hinder the Nation’s overall competitiveness, the ACA puts in place much-needed deficit reduction. - Barack Obama
Posted on: Mon, 21 Oct 2013 23:50:18 +0000
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