Reformative Economic policies and reforms
His incumbency met with a depressing recession, crash of Lehman Brothers bank and turmoil at the Wall Street whose repercussions were seen worldwide. He signed the American Recovery and Reinvestment Act of 2009, a $787 billion economic stimulus package for the economic recovery. Under his presidency, Patient Protection and Affordable Care Act (ACA) was passed by the Senate. This included health-related provisions, expansion of Medicaid eligibility, subsidy over insurance premiums, incentives to business of health care benefits, health insurance exchanges and extensive medical research.
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His incumbency met with a depressing recession, crash of Lehman Brothers bank and turmoil at the Wall Street whose repercussions were seen worldwide. He signed the American Recovery and Reinvestment Act of 2009, a $787 billion economic stimulus package for the economic recovery. Under his presidency, Patient Protection and Affordable Care Act (ACA) was passed by the Senate. This included health-related provisions, expansion of Medicaid eligibility, subsidy over insurance premiums, incentives to business of health care benefits, health insurance exchanges and extensive medical research.