President Barack Obama Signs the Patient Protection and Affordable Care Act into Law
It represents a major step forward toward giving Americans with insurance and those without a sense of security when it comes to their health care
”— President Obama
The legislative fix provides uninsured Americans with enhanced subsidies to pay for coverage, increases federal funding for Medicaid, a point important for New York's budgeting, and fills in the costly "doughnut hole" for many Medicare prescription-drug policyholders.
Medical residents would find it more affordable to become family doctors, nurses would get financial breaks if they became professors, and teaching hospitals would treat fewer uninsured patients, but be compensated with fewer federal dollars, under landmark health-care legislation scheduled to be signed into law on Tuesday.