Community | March 25, 2010 | 6 comments

Student loan & health care overhaul 'fixes' pass in final vote

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WASHINGTON - Capping an epic struggle, Democrats completed the final touches Thursday to an historic fight for a nationwide health care overhaul; a process that ended with the the House approving Senate-cleared changes to the legislation the president signed into law Tuesday.

Republicans vowed to campaign for repeal in the fall election season, drawing a quick retort from Barack Obama: "I welcome that fight."

Earlier, the Senate voted 56-43 to approve the fixes, clearing the way for the House's final 220-207 confirmation vote later in the evening.

Passage of the two bills was the culmination of what Obama called "a year of debate and a century of trying" to ensure coverage for nearly all in a nation where millions lack it. Taken together, the two bills also aim to crack down on insurance industry abuses, and to reduce federal deficits by an estimated $143 billion over a decade. Most Americans would be required to buy insurance for the first time, and face penalties if they refused.

The second of the two bills also presented Obama with another victory, stripping banks and other private lenders of their ability to originate student loans in favor of a system of direct government lending.

http://www.msnbc.msn.com/id/36016267/ns/politics-health_care_reform/
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6 comments // Student loan & health care overhaul 'fixes' pass in final vote

  • UrbanGypsy
  • UrbanGypsy
    • +1
      UrbanGypsy  

    • Oh my you beat me to it. I just finished uploading an article on the same thing.

      Its great news. How many students come out of college in debt because of the high interest rates imposed by banks? As a student that receives money from the Federal Pell Grant, I'm very happy to see that I will have to take less money from my pocket to pay for my college expenses.

      I'm glad they resisted the intense lobbying from the banks. Now the $40 billion will go directly to students instead of the banks, expecting them to lend responsibly... which they never do.

      It also saves money. The bill is now expected to save $61 billion over 10 years.

    • 2 years ago
  • courage
    • -1
      courage  

    • wow what a historic law it had to be Fixed in 2 days after it passed that must be a record The president had a party and signed into law something he knew was flawed so badly he had to turn around and suposedly fix some of it in 2 days thats shows such courage and insight my goodness what a man

    • 2 years ago
  • UrbanGypsy
  • snanders
    • +2
      snanders  
    • courage:

      ...yea actually it does. It shows that he's man enough to quickly fix mistakes that become apparent as opposed to stubbornly clinging to those flaws and compensating for them with bravado. is that your idea of courage btw?

    • 2 years ago
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