All men are in desperate need of redemption, from the sinful and wicked state in which we are born (Psa. 51:5). It is plainly taught in the Scriptures that no man, can by any means, redeem himself from sin and make himself righteous before God (Psalm 49:7). We are in total bondage to our sin (Rom. 6:23); to the holy Law of God (Gal. 3:10); and to death (Ezek. 18.20). We admit our guilt and own our sin and inability to do anything about them. But we give thanks that is not the end of the story of God's Elect. God in great mercy and sovereign love provided a Great High Priest to make an everlasting sacrifice for us. Acting as our Mediator, Jesus Christ did not bring the typical animal sacrifice, He shed His own blood on our behalf and by doing so, obtained eternal redemption for His sheep. He is not only the officiating Priest, but also the Lamb of God (John 1:29), and the altar (Heb. 13:10). Notice several things that are declared from this verse.
1). The excellency of this sacrifice! "His own Blood" Aaron was required to bring a sacrifice for himself, and for the people on the Day of Atonement. Our Lord doesn't ask us to bring anything, to do so, shows our ignorance of the merit and power of his blood. Remember what Abraham told Isaac on the mount, "My son, God will provide himself a Lamb" (Gen. 22:8). Only that which God provides will God accept. God purchased us with His own blood" (Acts 20:28). No wonder that His blood is called "PRECIOUS!" (1 Peter 1: 18-20).
2). The effect of this sacrifice! "Eternal redemption." To redeem is to deliver someone from the state of bondage by an adequate ransom-price (Job 33.24). Because Jesus Christ fully paid our sin debt "He gave His life a ransom for many" (Mat. 20:28), those who were held in bondage must be set free (John 8:36). This deliverance is not temporary, but eternal. The blood of Christ can never lose its power! (Eccl. 3:14; Rev. 1:5).
3). The intent of this sacrifice! "For us." Our Lord Jesus Christ did not die with a notion of trying to put all men in a saveable state, hoping that somebody might accept Him and be delivered. His glorious sacrifice actually delivered all His sheep from all their sin and secured their etenal salvation (Matt. 1:21; Jn. 10: 11).