What Does The Health Care Bill Mean To Me? – With the recent passing of the landmark health care bill, many American’s have been left wondering what the new bill will change for them and their health care. The truth of the matter is that not enough people are aware of the changes that have been made in conjunction with the bill, and are now scrambling to figure out what is going to change for them. Luckily, for those of us who already have insurance or do not require insurance, it will not change much. If you are interested in finding out how the health care bill will affect you, you may want to take a look at a quick summary of what the bill will accomplish;
In The First Year…
• Insurance companies will no longer be allowed to drop those who become sick.
• Children can not be excluded because of pre-existing conditions.
• Young adults can stay on their parents plans until they are 26 years old.
• Adults without insurance will be able to receive health coverage through a federal program that will disappear once the new insurance changes that will be taking place in 2014 are up and running.
• Tax credits for businesses to provide for workers.
In The Second Year…
• Medicare provides a 10 percent bonus to primary care physicians and surgeons.
• More benefits for Medicare patients.
• Employers are required to disclose health benefits on W-2 forms.
• Pharmaceutical companies begin paying a revenue fee based on earnings.
In The Third Year…
• Incentive programs are provided to hospitals.
• Measures enacted to improve quality of care.
In The Fourth Year…
• State funded health insurance exchanges that include both small businesses and individuals first open their doors.
• Most are required by law to obtain health insurance or pay a fine.
• Pre-Existing conditions no longer disqualify individuals from insurance
• Employers with 50 or more employees are required to offer health insurance.