Key Components of the New Health Care Legislation

[Gawain 0]

Source: http://www.nwyc.com/

These are the key components of the $940 billion health care overhaul bill (H.R. 3590) that is scheduled to take almost a decade to roll out in full.
2010 - Coverage
• Subsidies begin for small businesses to provide coverage to employees.
• Insurance companies barred from denying coverage to children with pre-existing illness.
• Children permitted to stay on their parents’ insurance policies until their 26th birthday.

2011 – Coverage and Taxes/Fees
• Set up long-term care program in which people pay premiums into system for at least five years and then become eligible for support payments if they need assistance in daily living.
• Drug makers face annual fee of $2.5 billion (rises in subsequent years).

2013 – Coverage and Taxes/Fees
• New Medicare taxes on individuals earning more than $200,000 a year and couples filing jointly earning more than $250,000 a year. Tax on wages rises to 2.35% from 1.45%. New 3.8% tax on unearned income such as dividends and interest.
• Excise tax of 2.9% imposed on sale of medical devices.

2014 – Coverage and Taxes/Fees and Cost Control
• Create exchanges where people without employer coverage, as well as small businesses, can shop for health coverage. Insurance companies barred from denying coverage to anyone with pre-existing illness.
• Requirement begins for most people to have health insurance. Subsidies begin for lower and middle-income people. People at 133% of federal poverty level pay maximum of 3% of income for coverage. People 400% of poverty level pay up to 9.5% of income. (Poverty level currently is about $22,000 for a family of four.)
• Medicaid, the federal-state program for the poor, expands to all Americans with income up to 133% of federal poverty level.
• Subsidies for small businesses to provide coverage increases. Businesses with 10 or fewer employees and average annual wages of less than $25,000 receive tax credit of up to 50% of employer’s contribution. Tax credits phase out for larger businesses.
• Independent Medicare board must begin to submit recommendations to curb Medicare spending, if the costs are rising faster than inflation.

2016 – Taxes/Fees
• Penalty for those who don’t carry coverage rises to 2.5% of taxable income or $695, whichever is greater.

2017 – Coverage
• Businesses with more than 100 employees can buy coverage on insurance exchanges, if state permits it.

2018 – Taxes/Fees
• Excise tax of 40% imposed on health plans valued at more than $10,200 for individual coverage and $27,500 for family coverage.

Sounds more like a tax bill than a reform bill...

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

[rushmc 23]

This may have been in your OP. So, instead of starting a new one I add this

Draw your own conclusions

From Bloomberg.com

***The legislation also creates an Independent Payment Advisory Board to suggest cuts in spending by Medicare, the government health program for the elderly and disabled, that could threaten payments for drug and device-makers. Starting in 2014, the panel’s recommendations would take effect unless federal lawmakers substitute their own reductions.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[turtlespeed 226]

Quote

Source: http://www.nwyc.com/

These are the key components of the $940 billion health care overhaul bill (H.R. 3590) that is scheduled to take almost a decade to roll out in full.
2010 - Coverage
• Subsidies begin for small businesses to provide coverage to employees.

What are the exact subsidies . . . Oh wait -

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[kallend 2,230]

Funny the way the right wingers, who denied for months that there was a recession and whose hero presided over the recent economic collapse have now become such experts on economic matters.

...

The only sure way to survive a canopy collision is not to have one.

[Gawain 0]

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Funny the way the right wingers, who denied for months that there was a recession and whose hero presided over the recent economic collapse have now become such experts on economic matters.

...and yet the data at the time does not dispute, or disprove what I said at the time...

Funny how left wingers use strawmen in attempts to revise history.

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

[TankBuster 0]

Quote

Funny the way the right wingers, who denied for months that there was a recession and whose hero presided over the recent economic collapse have now become such experts on economic matters.

Are you simply stating the fact that Bush was president during the collapse, or are you implying he is responsible for it? If the latter is the case, that's a very unsophisticated view of economics. Economies are in a constant state of fluctuation between highs and lows. If one wanted to lay blame, would it not be more accurate to blame the house and senate? Which were controlled for two years prior by the Democrat party?

The forecast is mostly sunny with occasional beer.

[Andy9o8 3]

Quote

This may have been in your OP. So, instead of starting a new one I add this

Draw your own conclusions

From Bloomberg.com

Quote

The legislation also creates an Independent Payment Advisory Board to suggest cuts in spending by Medicare, the government health program for the elderly and disabled, that could threaten payments for drug and device-makers. Starting in 2014, the panel’s recommendations would take effect unless federal lawmakers substitute their own reductions.

DEATH PANELS!! I KNEW IT!!

[kallend 2,230]

Quote

Quote

Funny the way the right wingers, who denied for months that there was a recession and whose hero presided over the recent economic collapse have now become such experts on economic matters.

...and yet the data at the time does not dispute, or disprove what I said at the time...

]

Some of us ARE on record as disputing what you wrote at the time, based on the information available at the time. AND WE WERE CORRECT.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

Quote

Quote

This may have been in your OP. So, instead of starting a new one I add this

Draw your own conclusions

From Bloomberg.com

Quote

The legislation also creates an Independent Payment Advisory Board to suggest cuts in spending by Medicare, the government health program for the elderly and disabled, that could threaten payments for drug and device-makers. Starting in 2014, the panel’s recommendations would take effect unless federal lawmakers substitute their own reductions.

DEATH PANELS!! I KNEW IT!!

You are surprised by the info or just making smart ass comment?

In any event, the number one denier of claims (by percentage) will now get a larger pool to denie claims to. Perfect

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,230]

Quote

Quote

Quote

This may have been in your OP. So, instead of starting a new one I add this

Draw your own conclusions

From Bloomberg.com

Quote

The legislation also creates an Independent Payment Advisory Board to suggest cuts in spending by Medicare, the government health program for the elderly and disabled, that could threaten payments for drug and device-makers. Starting in 2014, the panel’s recommendations would take effect unless federal lawmakers substitute their own reductions.

DEATH PANELS!! I KNEW IT!!

You are surprised by the info or just making smart ass comment?

In any event, the number one denier of claims (by percentage) will now get a larger pool to denie claims to. Perfect

Did you check out how many health care insurers are in the DOW yet?

...

The only sure way to survive a canopy collision is not to have one.