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The House of Representatives late Saturday night approved a historic bill to remake the U.S. health-care system, delivering President Barack Obama a key procedural victory on his top domestic priority after a lengthy and sometimes emotional day of debate on the nearly 2,000-page measure.
By a vote of 220-215, lawmakers approved a 10-year, $1.055 trillion bill that aims to put in place near-universal health-care coverage in the United States, would require individuals to buy and most businesses to offer coverage, and expand Medicaid. Poorer Americans would get subsidies to buy insurance under the bill, and insurers would be barred from denying coverage to people with pre-existing conditions.
WellPoint, Inc. (NYSE:WLP), Humana Inc. (NYSE:HUM), Aetna Inc. (NYSE:AET), CIGNA Corporation (NYSE:CI) and other healthcare companies could react to the House of Representatives' passage late Saturday of broad healthcare legislation. The bill would establish a government-run health insurance option to compete with private insurers.
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