Healthcare Reform bill:US

Salient features of the Healthcare Reform bill

For the first time, most Americans would be required to purchase insurance, and face penalties if they refused.

  • Bill was expansion of coverage to 32 million Americans who are currently uninsured.
  • Bill will also weaken the grip of health insurance companies over the market by preventing them from denying coverage based on pre-existing conditions and restrict their ability to raise premiums or drop coverage.
  • Children may remain on their parents’ insurance policies until the age of 26 and insurance companies would no longer be able to impose lifetime limits on policies. The costs of obtaining insurance cover would also fall for older people and those with pre-existing conditions through their participation in “high-risk pools.”
  • Small business would also derive such benefits by participating in state-level exchanges and some businesses would face penalties for not providing their employees with insurance.
  • The bill, which will soon be signed into law by President Obama as the Patient Protection and Affordable Care Act, will also bring down the deficit of the country by $143 billion over 10 years and by over a trillion dollars within the following 10 years, according to the Congressional Budget Office (CBO).
  • It will cost the American taxpayer $940 billion, according to the CBO.
  • Coverage would be required for incomes up to 133 percent of the federal poverty level, $29,327 a year for a family of four.
  • Childless adults would be covered for the first time, starting in 2014.
  • The insurance industry, which spent millions on advertising trying to block the bill, would come under new federal regulation.

Source: http://www.hindu.com/2010/03/23/stories/2010032356060100.htm

http://www.msnbc.msn.com/id/35961584/ns/politics-health_care_reform/

One Response to Healthcare Reform bill:US

  1. R N Kapil says:

    Bill doesn’t address the basic issue of high Healthcare costs which in any case have to be borne by somebody,maybe insurance companies,tax payer,Govt.etc etc. Whosoever it may be,ultimately cost will again be passed on to the common man on the street which in turn means higher inflation and high taxes making living more difficult.Much talked about healthcare reform has ended up in vote bank politics.If one says that high & wealthy will share the burden by way of higher healthcare premiums & more taxes ,you are sadly mistaken.High net worth class always earn from the poor and they immediately pass on the extra burden on them on to the poor through their product cost & services . Poor then becomes the ultimate sufferer.
    The only & only solution lies in capping SALARIES/PAYPACKETS/WAGES/BONUSES.By doing so you achieve two purposes i.e.
    1, Comodity/product costs for the common man and hence inflationary trend is contained.
    2.You control the purchasing power of high and mighty and increase availability for the common man .

    Salaries and wages have peaked out the worldover and there is no scope for any further increase any more. This is the common ailment engulfing the economies of the entire world. This is the prime reason for recent world recession.Over a period of time Companies Boards have apropriated to themselves and to their top managing staff big chunk of company’s money .

    Through an e-mail, some days before passing of the Healthcare Reform bill, I have suggested to the PRESIDENT under mentioned two measures as possible solution to this problem :

    1. CAP SALARIES/PAYPCKETS/WAGES to a Dollar less than that of US PRESIDENT across the board for the entire country.

    2.Allow BONUSES only in those companies whose profit is more than 10% of the revenue.

    RN Kapil,NEW DELHI, INDIA. M No.9968286444. Tel No. 011-25275725.

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