President Obama got his want last night because the House of Representatives passed his new health care bill with a vote of 219-212. The bill is being sent to the White House to be signed into law by Obama on Tuesday.
Here may be a outline of the 10 major points of the health care bill and the way Medicare recipients will be plagued by it. These major points are covering the immediate effects the health care bill can have on Americans. Several other points of the bill will not surface until 2014.
10 key points Obama's health care bill covers:
* Children may remain as dependents on their folks' policy until their twenty seventh birthday
* Kids below age 19 might not be excluded for pre-existing conditions
* No additional lifetime or annual caps on coverage
* Free preventative look after all
* Adults with pre-existing conditions might buy into a national high-risk pool till the exchanges return online.
* Little businesses can be entitled to a tax credit for 2009 and 2010, that may be as much as fifty% of what they pay for employees' health insurance.
* The "donut hole" closes for Medicare patients, creating prescription medications additional affordable for seniors.
* All insurers should post their balance sheets on the Web and totally disclose administrative prices, government compensation packages, and benefit payments.
* Authorizes early funding of community health centers in all 50 states. Community health centers offer primary, dental and vision services to people within the community, based on a sliding scale for payment in step with ability to pay.
* Effective immediately, you cannot lose your insurance as a result of you get sick.
The nonpartisan Congressional Budget Workplace gave figures for the bill, saying $138 billion will be cut from the national deficit over the next decade with this bill, while the bill itself is estimated to cost $938 billion.
The bill is hoping to boost the quantity of insured Americans by 11% (to 94%) by 2014. The massive cost of the bill will be created up by added taxes, together with an increased Medicare payroll tax. This brings us to the affect the health care bill can have on Medicare beneficiaries.
* As of now, within the Medicare D plan there's a coverage gap. If a Medicare beneficiary goes over the prescription drug coverage limit they have to buy the complete prescription till it meets the catastrophic coverage threshold. The health care set up will help close this gap by giving all Medicare D beneficiaries $250 to assist obtain prescriptions.
* The gap can continue to shut in 2011 when complete-name prescribed drugs can be discounted 50%, and is expected to completely close by 2020 (Medicare beneficiaries can still should pay money for twenty five% of the prescription price, however the cost itself can be substantially decreased).
* Medicare hospital insurance tax rate will increase in 2012 by.nine% for beneficiaries earning over $two hundred,000 or a married couple creating $250,000
* Sets a replacement commonplace for Medicare payment to hospitals and doctors
Author Resource:
Riley Jones has been writing articles online for nearly 2 years now. Not only does this author specialize in Healthcare Systems, you can also check out his latest website about:
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