On March 23, 2010, President Obama signed historic healthcare reform into law. The following are key provisions of the legislation:

Affordability

• Reduces cost by creating competitive health insurance exchanges where consumers can small businesses can buy affordable coverage much like large companies do today
• Creates tax credits and subsidies to help low and middle income Americans afford quality care
• Closes the Medicare prescription “donut hole” by providing an initial $250 rebate and then deep discounts on prescription drugs for Medicare beneficiaries in the donut hole
• Extends the solvency of the Medicare Hospital Insurance trust fund by at least nine years