2:26 PM Eastern - Thursday, February 12, 2009

Update: Health Care Provisions in the Economic Recovery Act

The Speaker of the House has released a report outlining the key points of the compromise the House and Senate have reached on the Economic Recovery Act. There's lots of good news for health care.

Here are the highlights:

* Despite an all-out smear campaign waged by Rush Limbaugh and the extreme right, the bill provides $19 billion for improved health IT by doctors and hospitals. It will jumpstart the modernization of the health care system, saving billions of dollars, creating thousands of jobs, reducing medical errors, and improving quality.

* It also strengthens Federal privacy and security laws to protect patients' health information from misuse and abuse.

* Through increased Medicaid matching funds, it protects health care coverage for millions of Americans during the recession and helps states avoid cutting eligibility for citizens or scaling back services.

* The bill provides health insurance for recently unemployed workers by providing a 60% subsidy on COBRA premiums for up to 9 months.

* Finally, it invests in much-needed preventive medicine by establishing a $1 billion Prevention and Wellness fund and providing $1.1 billion for comparative effective research - both of which are expected to dramatically improve the quality of care and generate billions of dollars in savings.

The Economic Recovery Act is expected to go up for a final vote by the end
of this week.

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