Update: President Obama signed the Affordable Care Act in to law March 23, 2010, giving hard working families the security they deserve by holding insurance companies accountable, lowering health care costs, giving Americans more freedom and control in their health care choices, and improving their quality of care.

We Can Afford Reform, We Can’t Afford the Status Quo

Jared Bernstein, Chief Economist for the Vice President and Executive Director of the Middle Class Task Force, debunks the myth that we can’t afford health insurance reform. To the contrary, not only has the President demanded that reform not add to the deficit in the short term, but reform is the only way to get skyrocketing health care costs under control that will be devastating not for families , businesses, and for government deficits in the long term under the status quo.