Known widely as "Obamacare," the federal overhaul of the American health care system is "here to stay," President Barack Obama declared on Friday.
The Patient Protection and Affordable Care Act of 2010 will bring millions of Americans health insurance coverage by expanding Medicaid eligibility to include adults with income at 133 percent of the federal poverty line, repealing anti-trust exemptions for health insurers, and prohibiting insurers from discriminating against people with pre-existing health conditions.
The Obama administration and congressional Democrats promised the overhaul would also cut waste and save the government $400 billion in costs over a 10-year period.
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Source: Medical Daily