|
What is in the Health Care
Reform Bill?
- Will extend health care
coverage to millions of uninsured Americans, will end health plans
denying coverage to individuals that are sick, and plans to reduce
the deficit in future decades.
- The Patient Protection and
Affordable Health Care Act establishes high risk pools within 90
days.
- Pre-existing goes away on
January 1st, 2014.
- The bill costs $1 trillion
dollars by reducing Medicare and Medicaid spending primarily to
hospitals, introduces new taxes, including .9 percent Medicare
payroll tax for workers making more than $200,000 or couples making
more than $250,000/yr, and a 3.8 percent tax on unearned income for
same tax brackets, and a "cadillac" tax on high-end
employer sponsored insurance plans that cost more than $27,500
(won't be effective until 2018). The Congressional Budget
Office estimates that with these measures the deficit will be
reduced by $143 billion in the first decade and more than $1
trillion in the second decade.
- There is a fine for not
having health insurance through the tax system. The fee begins
in 2014 with $95 or 1 percent of income, but begins to increase
through 2016 when uninsured Americans will be required to pay $695
per year with a maximum of $2,085 per family or 2.5 percent of
household income.
- Federal funds are not allowed
to be used for abortions.
Search for a health plan now, please
click here for a free quote.
Health
Symphony Copyright © 2012. All rights reserved.
Health Symphony provides general information and does not guarantee,
express or implied, to the results obtained from its use.
|
|
Navigation
|
