President Barrack Obama signed a bill today that some consider to be one of the most influential pieces of legislation in our nation’s history. The comprehensive Health Care Reform Bill was passed by the House late Sunday night in a 219 to 216 vote.  The Senate’s version of the bill was passed by the House without any changes made. However, in order to please House Democrats, an additional measure to the bill was passed along with it the same night, known as reconciliation.  This reconciliation clause will now go to the Senate for further debate, where Democratic Leaders are confident that they have enough votes to pass it as well.  The bill is estimated to cost $940 billion over the next decade.  Some of the bills components include: prohibiting denying coverage based on pre-existing conditions, enable children to stay on their guardians health care plans until age 26, an increase in a medical payroll tax for individuals with an annual income of 200,000 and joint filers with an annual income 250,000 and over.  The bill will also require most employers to provide coverage to their employees or face penalties, as well as require most individuals to obtain coverage or face penalties.  The bill will add 16 million people to Medicaid rolls.  Under this bill each state would set up some type of insurance market or exchange, where individuals whose policies do not meet government standards can shop for policies that are deemed adequate by the government.  The Congressional Budget Office has estimated that the bill will expand coverage to 32 million uninsured Americans.  However, the estimate also reveals that 23 million will still be uninsured by the year 2019.  It will be interesting to see how the States deal with this expansion of Federal Power.  There are already rumors of the state of Florida challenging the law in the court system.  One a lighter note, check out the video above of the President signing the bill and pay close attention to the remark made by Vice President Joe Biden to President Obama at the end of his introduction.  See if you can make out exactly what he says.