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IPFS News Link • Healthcare

Welcome to the Insurance Bailout

03/21/2010 • www.vanversive.net

Obamacare was passed tonight with 219 to 212 vote. The “Stealth Bailout Bill” for the insurance companies should be on the Presidents desk Tuesday to be signed into law. The bill was designed to provide insurance to 30 million Americans by expanding Medicaid and forcing people to either pay for their own insurance or face fines and even possibly jail time. Employers who failed to provide insurance would also face a fine of $2000 making it less appealing for companies to pick up more workers in a time when jobs are nowhere to be found.

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Reported By Jason Van Gilder

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