President Obama made this statement about six weeks before the Health Information Technology for Economic and Clinical Health Act was signed into law. Under the HITECH ACT, CMS began its EHR Incentive Program. Although that five-year benchmark has been surpassed, of April 2015, CMS paid out more than $30 billion in incentive payments to hospitals and health systems for the adoption and use of electronic health records. These incentive payments, coupled with the looming threat of financial penalties for non-adopters and a need to better coordinate care, have driven providers to rapidly adopt EHRs over the past few years. The EHR market is expected to reach $8.3 billion by 2016.