President Donald Trump signed the largest health care package in U.S. history on Wednesday, with the passage of the American Health Care Act, which will reshape the nation’s health care system.
The law will expand coverage to millions of Americans and allow for the construction of 20 million more affordable health care facilities.
It will also roll back many of the Obama administration’s most contentious health care regulations.
The legislation will also provide $200 Billion for construction of health care infrastructure.
“This is the largest and most comprehensive health care overhaul in history,” Trump said at a White House ceremony.
“The bill contains $200 BILLION dollars to make health care more affordable, expand coverage, build more affordable medical facilities and create new incentives to keep patients healthy and keep costs down.”
Trump said the new health care law will help the United States avoid the “death spiral” of its health care systems, in which patients wait years for care.
“We’re going to take care of our people.
And that’s why we’re making this a huge deal,” Trump added.
The president also praised his first family members, including First Lady Melania Trump and daughter Ivanka Trump.
They included his eldest daughter, Ivanka, who is also a Whitehouse adviser, as well as his sons Eric and Donald Jr., who are also Whitehouses advisers.
On Tuesday, Trump tweeted a photo of the bill signing ceremony, which featured the president, Vice President Mike Pence and Treasury Secretary Steven Mnuchin.
Trump also tweeted a video of himself walking into a room of former President Barack Obama, who also spoke.
Obama, who was in his final days in office, said in the video that the health care plan will help “every American” and will help people get health care they need.
Mnuchin, who has a history of supporting Trump, said he will work with Trump on the bill.
“It’s about the American people.
It’s about helping every American, whether it’s small businesses, whether they’re middle-class or small businesses that are facing a very difficult time right now, to get their health care,” Mnuchin said.
Trump, who campaigned on a promise to build a wall along the southern border, signed the bill Tuesday with Vice President Pence, who signed it the same day.
He also sent a tweet congratulating Pence on the legislation.
“Congrats @VP Pence and his team for passing the largest Health Care Bill in history!”
“It’s a big win for the American economy, for our country and for our people.”
President Donald Trump signs the bill into effect.
The president said the legislation will “make health care less expensive and expand coverage.”
The bill also expands coverage to 2.3 million people, including more than 2 million who have preexisting conditions.
The bill will allow people with pre-existing conditions to continue to purchase insurance and give states greater flexibility to allow insurance plans to cover them.
It also expands Medicaid eligibility to cover people with incomes up to 138 percent of the poverty level and lowers the cap on monthly premiums to about $325.
The health care reforms also include the first major overhaul to federal tax credits and refundable tax credits, which the bill would also give states to help people pay for health care.
More than 1 million people have enrolled in health insurance through the new marketplace, which has expanded coverage to more than 70 million people.
The Republican plan, which would also eliminate many of Obamacare’s rules, includes $5 billion for expansion of the Medicaid program.
Democrats have accused Republicans of stalling and saying the bill is not good enough.
Sen. Patty Murray, D-Wash., called the GOP bill a “historic betrayal” that will only further delay coverage for millions of people.
Republicans have also said they will not include a requirement that insurers cover people who buy coverage on the new exchanges.