How Does the Health Care Reform Act Help the Budget?
How Does the Health Care Reform Act Help the Budget?Answer: The Health Care Reform Act of 2010 makes sure 95% of citizens will have health care insurance. This will lower health care costs in this country by making preventative health care affordable for those 32 million Americans who have no health insurance. It will also lower the budget deficit by $143 billion over the next ten years. Many people are skeptical that a program that expands health care coverage will save money. Here’s how it works. Reduce Medicare Payments by $335 BillionEvery year, Medicare agrees on certain payment rates for covered services to health care providers. These annual updates will be reduced by 21%, saving $196 billion. Hospital groups agreed to give up their portion, $155 billion, because they expect to make more than that – at least $170 billion – by having to treat fewer uninsured patients. Another $136 billion will
