Health Care Bill Passed Today Details?

The 2010 Obama Health Care Reform Bill has been a very hot topic today as the Democrats and Republicans vote on the bill. I was wondering about the details.

Democrats, who have a majority in Congress, were taking a two-step process. The House was set to vote on approving the version of the health care legislation passed by the Senate in December. If the House passes it, that would give it final congressional approval and President Barack Obama could sign it into law.

I'm pretty sure the Health Care bill will be passed today.

Democrats stand on the brink of enacting a $940 billion health care overhaul that they have dreamed of but failed to achieve for more than half a century.

What are the details of the Health Care bill passed today?

Details of the Health Care Bill Passed Today:

The Health Care bill, which the White House estimates would cost $950 billion over a decade, aims to fulfill Mr. Obama’s goals of expanding coverage to millions of people who are uninsured, while taking steps to control soaring health care costs. It sticks largely to the version passed by the Senate in December, but offers some concessions to House leaders who have demanded more help for middle-class people.

The health care bill will lead to a reduction of $130 billion of the federal deficit in the next 10 years, according to analysis from the Congressional Budget Office.

The CBO also found that the bill would extend Medicare's solvency by at least 9 years and it would extend coverage to 32 million additional people.

The bill's main financing comes from another tax increase on top of the increase already scheduled for 2011 under Mr. Obama's budget. The surtax starts at one percentage point for adjusted gross income above $350,000 in 2011, rising to two points in 2013; a 1.5 point surtax at incomes above $500,000, rising to three in 2013; and a whopping 5.4 percentage points in 2011 and beyond on incomes above $1 million.