March 22, 2010 Health Care Bill Goes to the President

posted May 5, 2010, 2:15 PM by Frank Baskin   [ updated Jul 28, 2010, 1:54 PM ]
On Sunday March 21, the House of Representatives passed a Universal Health Care Bill which will be signed by the President. The House also passed a.... For More Click Title a companion bill to amend the previously passed Senate bill which will require a Senate vote(by a simple majority).

Details are not all available but the following is known:
  • Require all Americans to have health care insurance
  • Individuals receive insurance thru exchanges within each State
  • Expand Medicaid
  • Subsidies for those individuals/families who do not qualify for Medicaid
  • Small businesses receive tax credits to provide insurance to their employees.
About elders:
  • Gradually eliminate the Medicare D donut hole ending it by 2020.
  • Add free preventive services under Medicare
  • Reduce subsidies for Medicare Advantage 
  • Payroll tax will apply to  those whose income is over $ 200,000.
  • Tax on unearned income over $ 200.000