March 23, 2010
Secured Affordable Health Care for All Americans
Health reform put American families and small business owners in control of their own health care. It made insurance more affordable by providing the largest middle class tax cut for health care in history, reducing premium costs for tens of millions of families and small business owners who had been priced out of coverage. Under the plan, 95% of Americans were insured.
It set up a new competitive health insurance market, giving tens of millions of Americans the same choices of insurance that members of Congress will have, and it brought greater accountability to health care by laying out commonsense rules of the road to keep premiums down and prevent insurance industry abuses and denial of care. It ended discrimination against Americans with pre-existing conditions. And it put our budget and economy on a more stable path by reducing the deficit by more than $100 billion over ten years — and more than $1 trillion over the second decade — by cutting government overspending and reining in waste, fraud and abuse.
In the six years following the enactment of the ACA, nearly 18 million Americans gained health coverage, and the nation’s uninsured rate shrunk to the lowest ever recorded. Thanks to the ACA, 137 million Americans with private health coverage, including 55 million women and 28 million children, were guaranteed preventive services coverage with no out-of-pocket costs.