posted May 5, 2010, 2:15 PM by Frank Baskin
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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:
General
- 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
Revenue:
- Payroll tax will apply to those whose income is over $ 200,000.
- Tax on unearned income over $ 200.000
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