22
February
2010
2010
Obama Health Care Plan in a Nutshell
The main points in the recently unveiled Obama healthcare plan include:
- Obama’s health care proposal will help more than 31 million uninsured Americans get coverage.
- It establishes a health insurance market that would provide the same insurance choices that members of Congress have.
- Health insurance exchanges would be created to simplify the process for small businesses, the self-employed and unemployed to purchase less expensive coverage.
- No Public Option
- Would bar insurers from charging higher premiums based on a person’s gender or medical history, or denying coverage based on pre-existing conditions.
- Helps narrow the Medicare “doughnut hole,” in the short term by providing a $250 rebate to Medicare beneficiaries who reach the limit in 2010.
- Lowers premiums for families making between $44,000 and $66,000
- Obama’s plan lowers the maximum penalty for individuals based on the mandate for everyone to get healthcare coverage.
- Proposal does not mandate that employers provide health insurance.
- Companies with more than 50 employees would be required to pay a fee of $2,000 per worker if the company does not provide coverage and any of that company’s workers receives federal health care subsidies.
- Delays the $67 billion assessment on health insurers, pushing it to 2014 at which time the health insurance exchanges and market will go into effect.
- Increases the revenue drawn from the pharmaceutical industry to $23 billion over the next three years
- Some provisions to help combat waste and fight fraud.
Related posts:
- Barack Obama’s Democratic Nomination and His Health care Plan
- Obama and McCain’s Healthcare Plans
- Public Health Insurance Option Alternatives
- Massachusetts Universal Healthcare Plan Gaining Momentum
- President Barack Obama and Health Care
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