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House Democrats Unveil Health Care Reform Plan

July 15, 2009
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House Democrats Unveil Health Care Reform Plan

July 14th, 2009

House Democrats unveiled their revised version of health care reform Tuesday, offering a proposal that includes a government-funded health insurance option, requires both individuals and employers to participate, and taxes the wealthy to help cover costs.

Some of the proposed revisions include:

  • A Health Insurance Exchange providing individuals and small business with choices for coverage, including a government-funded public option.
  • No more coverage exclusion for pre-existing conditions.
  • Affordability credits for low- and moderate-income individuals and families, available to those with incomes up to 400 percent of the federal poverty level, or $43,000 for individuals and $88,000 for a family of four.
  • Limits on annual out-of-pocket spending.
  • Expanded Medicaid coverage to individuals and families with incomes at or below 133 percent of the federal poverty level.
  • Required participation by individuals, with a penalty of 2.5 percent of adjusted gross income for non-compliance.
  • Requirement that businesses with payrolls exceeding $250,000 provide their employees with health coverage or contribute up to 8 percent of their payroll on their behalf.
  • A series of measures intended to reduce costs of Medicaid, Medicare and other existing systems.

Read the full article below:

http://www.cnn.com/2009/POLITICS/07/14/house.health.care/index.html

Emmy_X

August 05, 2009

American families are being battered by the skyrocketing medical costs. People are up in arms over HR 3200, and maybe they should be. HR 3200 is a health care bill, and what it does is that it will provide affordable health care for all, and curtail medical costs. It also makes it mandatory for all Americans to have health insurance, but creates a government run (taxpayer funded) alternative to private insurance, prohibits exclusion on basis of pre-existing condition, and then (here's the kicker) places a surtax on all households that earn more than $350,000 to pay for it. (To be fair, they don't need sympathy.) The bill HR 3200 is likely to be wildly unpopular, even if it might mean fewer people needing emergency cash loans to see a doctor.