Search This Blog

Friday, October 8, 2010

Healthcare Reform Bill.



 So actually there are some good things about this health reform bill despite all the uproar against president Obama. Here is a brief summary.

  • Your cost for preventive measure would be ZERO dollars. So next time you are having a colonoscopy, mammography etc, you do not have to worry about your co pay, your insurance would pay it all.
  • You can get insurance even if you have any pre existing condition.
  • You can get a rebate check for the “donut” hole.
  • Children up to 26 can be covered under your insurance.
  • There will be no annual or lifetime limit on benefits through Medicare.
  • 35% tax credit for small business against premium payments. These measures would also help in the long run where mega companies like McDonald provide mock insurances plans, where there is a cap at $2000, this amount would likely cover only your foot at the door in a hospital.
  • This would extend coverage to 32 million Americans who are currently uninsured. This would help these individuals to get insurance.
  • The law will cost the government about $938 billion over 10 years, according to the nonpartisan Congressional Budget Office.
  • Insurance companies could no longer deny children coverage based on a preexisting condition. 
  • In 2014, everyone must purchase health insurance or face a $695 annual fine. There are some exceptions for low-income people.

So now get ready to pay more taxes.


About the picture: Somewhere in Smokies.

No comments: