New Health Care Bill what is in the health care bill
New Health Care Bill, what should we think? – BMOREUMISSEDIT Blog post – A Social Place For Entertainment at Its Best.
Reform of the US healthcare system is a priority issue for President Barack Obama but lawmakers in Congress found it difficult to agree on a bill to implement reform.
The House of Representatives passed its bill on 7 November, while the Senate passed its version on 24 December.
Unless you fake tan or make over $200,000 a year, the new health care legislation is a cant miss. For those of you that love being the color orange and make more than $200,000 annually; it’s time to buy a sharp outfit and cruise your sweet tan to a “Tea Party” rally.
The substantial differences between the two bills must now be squared or "reconciled" into an agreed version before President Obama can sign the legislation into law.
HOUSE OF REPRESENTATIVES
SENATE
Date passed
7 November
24 December
Cost
$1,052bn over 10 years
$871bn over 10 years
Reduce deficit
By $138bn between 2010-2019
By $132bn between 2010-2019
Public option – gov’t scheme to compete with private insurers
Yes
No
Insurance exchange – to compare policies and prices
National insurance exchange
No national insurance exchange, states can form regional exchanges
Expand insurance – to increase number of Americans insured
36 million gain coverage (leaving 18 million uninsured)
31 million gain coverage (leaving 23 million uninsured)
Individual mandate – Must people have insurance?
Yes (2.5% tax penalty if don’t obtain health care)
Yes, $95 per person penalty in 2014, rising to 2% of households income in 2016+
Abortion
Health care plans could choose whether to cover abortion. But public plan would not provide abortion coverage
Limits on use of public money for abortion services
Firms required to provide coverage?
Yes.For companies with annual payroll of $500,000+
No explicit requirement but tax credits for offering a scheme
Taxes , spending cuts – how system will be paid for
5.4% surtax on people earning $500,000+ annually; 2.5% tax on medical devicescut $404 out of projected growth of Medicare and other federal programmes
0.9% increase on Medicare payroll tax for people earning over $200,000
10% on indoor tanning beds; taxes on medical devices
cut $483bn out of Medicare and other federal programmes
Medicaid & Medicare
Covers everyone with incomes less than 150% of the poverty level (ie $33,075 for a family of four)
Covers everyone with incomes less than 133% of poverty level (ie $29,327 for a family of four)
Guaranteeing access to health insurance
Premiums for older people cannot be more than twice those for younger people. Companies stripped of anti-trust exemption that has protected firms from federal investigations. Price-fixing outlawed.
Premiums for older people cannot be more than three times those for younger people. Insurers competing in new exchanges must justify increases.
Twas the night before Christmas, and up on the Hill
Every Senator toiled on a new Health Care Bill
(with deep apologies to Frank Capra) ************** Scene 14: Christmas Eve, inside Bedford Falls Town Hall. Senator George Bailey confronts an angry mob of constituents protesting his vote on the new health care bill. MAN #1 Come on Bailey, you…
Joe Lieberman has been influential in the new Health Care Bill that passed the Senate. Only problem is that the bill circulating through the House and the Senate look nothing like the Campaign Promises. This isn’t all of Lieberman’s fault; it j?
Leave a Reply