How will the changes to health care be paid for?
Will Health Insurance be mandatory ?
Will small businesses have to carry insurance on their employees?
This will answer your questions. Here is the general outline for the bill’s timline:
Within 90 days: Would provide immediate access to high-risk pools for people with no insurance because of pre-existing conditions.
Within six months: Would bar insurers from denying people coverage when they get sick.
* Would bar insurers from denying coverage to children with pre-existing conditions.
* Would bar insurers from imposing lifetime caps on coverage
* Would require insurers to allow people to stay on their parents’ policies until they turn 26.
Within a year: Would provide a $250 rebate this year to Medicare prescription drug beneficiaries whose initial benefits run out.
2011: Would require individual and small group market plans to spend 80 percent of premium dollars on medical services. Large group plans would have to spend at least 85 percent.
2013: Would increase the Medicare payroll tax and expand it to dividend, interest and other unearned income for singles earning more than $200,000 and joint filers making more than $250,000.
2014: Would privide subsidies for families earning up to 400 percent of the poverty level, currently about $880000 a year, to buy health insurance.
* Would require most employers to provide coverage or face penalties.
* Would require most people to obtain coverage or face penalties.
2018: Would impose a 40 percent excise tax on high-end insurance benefits.
This will answer your questions. Here is the general outline for the bill’s timline:
Within 90 days: Would provide immediate access to high-risk pools for people with no insurance because of pre-existing conditions.
Within six months: Would bar insurers from denying people coverage when they get sick.
* Would bar insurers from denying coverage to children with pre-existing conditions.
* Would bar insurers from imposing lifetime caps on coverage
* Would require insurers to allow people to stay on their parents’ policies until they turn 26.
Within a year: Would provide a $250 rebate this year to Medicare prescription drug beneficiaries whose initial benefits run out.
2011: Would require individual and small group market plans to spend 80 percent of premium dollars on medical services. Large group plans would have to spend at least 85 percent.
2013: Would increase the Medicare payroll tax and expand it to dividend, interest and other unearned income for singles earning more than $200,000 and joint filers making more than $250,000.
2014: Would privide subsidies for families earning up to 400 percent of the poverty level, currently about $880000 a year, to buy health insurance.
* Would require most employers to provide coverage or face penalties.
* Would require most people to obtain coverage or face penalties.
2018: Would impose a 40 percent excise tax on high-end insurance benefits.
References :
1. Tax increases for certain incomes and items and deficit reduction accounting
2. Yes
3. They are not required to and that is why individuals would buy their own insurance on an exchange.
There are too many provisions to list here. Six of them go into effect this year. There could be revisions and changes to any of the bill. These are the provisions for 2010 that Obama outlined in a speech. They have not been implemented yet.
1. Business tax credits
2. Children with pre-existing conditions not excluded from insurance
3. No dropping coverage due to illnesses acquired after being insured
4. No annual limits on treatments
5. Children to be on parents policy to age 26
6. Seniors on Medicare to have free preventive care
7. Donut hole Medicare people get a $250 check
References :
http://www.healthreform.gov
http://healthreform.kff.org