Posted by flashpointgrafix on March 21, 2010 »
— Everyone can have health insurance if they want it. For financial reasons you are allowed to opt out…but you have to have coverage.
— Insurers will not be able to cancel people who are sick, even if they lose their jobs.
— People who cannot afford health insurance won’t have to pay as much money.
— People who are already sick will be eligible for health care.
— In the long run (hopefully) it will reduce medical costs significantly.
— Health insurers can no long cap coverage. They will no longer be able to cancel coverage on high cost treatment.
— It will increase competition in the insurance market and may push healthcare companies to lower costs and provide better service.
— The cost for the first ten years is $100 billion a year, about the same as the Iraq War.
— It could increase the cost of health insurance.
— You will have to either buy health insurance or have a 2 percent tax increase. The insurance will be subsidized, but there’s no guarantee the subsidy will cover costs.
— There will be a tax increase for very high income people, 1 percent for those who make over a half million annually.
Good – or bad?
— Increased government involvement in healthcare.
— Additional regulation on insurance companies that could increase costs – and quality.
— Increased physician access to patient information and treatment options.
— Large employers may have to offer health insurance to more of their employees or face extra tax.
According to the Congressional Budget Office, the final version of the Democrats’ healthcare plan will cut the federal deficit by $138bn over 10 years.
These reforms will increase insurance coverage through tax credits for the middle class and expansion of the Medicaid programme for the poor. They represent the biggest change in the US healthcare system since the creation in the 1960s of Medicare, the government-run scheme for Americans aged 65 or over.
What happens in the future and whether the Republicans are true in their predictions is anybody’s guess but for now credit goes to the young President to have achieved what others failed to.