Statement of Obama Administration Policy Regarding H.R.3590 and H.R. 4872

H.R. 3590 – Patient Protection and Affordable Care Act
H.R. 4872 – Health Care and Education Affordability Reconciliation Act of 2010
The Administration strongly supports House passage of health insurance reform legislation.  This legislation makes significant improvements that will help to give American families and small business owners more control of their own health care.  It makes important changes – ending the worst practices of insurance companies; giving uninsured individuals and small business owners the same kind of choice of private health insurance that Members of Congress have; and bringing down the cost of health care for families and businesses while also reducing Federal budget deficits.
This legislation provides the necessary health reforms that the Administration seeks – affordable, quality care within reach for the tens of millions of Americans who do not have it today by providing the largest tax cut for health care in history and prohibiting insurance companies from denying coverage to the millions of Americans with pre-existing medical conditions.  It also brings new stability and security for the hundreds of millions who already have insurance by reining in the worst insurance industry abuses and putting in place reforms that increase transparency, improve the quality of care, and contain health care costs.  This legislation contributes to transforming the health care system to make health care more accessible and affordable for the American people.  It also includes provisions that would eliminate wasteful subsidies for student loan lenders and invest these savings to fortify the Pell Grant program and increase Pell Grants for millions of students; strengthen community colleges; strengthen Historically Black Colleges and Universities and other Minority-Serving Institutions; and allow students to cap student loan payments at affordable levels.  The education provisions are estimated by the Congressional Budget Office to reduce the deficit.  The Administration urges quick action on this landmark reform.


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