Friday, February 4, 2011

Health Care Reform Bill

The President has made it clear Americans deserve a final vote up or down on health reform. There are currently more than 47 million uninsured in this country and that number could increase to more than 64 million in 2019. He suggest all to have insurance help.

Let’s make an attempt to demystify the health care reform bill. First, we look at the new requirement to buy health insurance. There are the protesters, who took to the streets of Washington complaining about the insurance industry, they fear that it might get what you want if the House passes the Senate's attention the health reform project. Health reform requiring all Americans - with some exceptions - to buy health insurance and they must need insurance help.

What the bill means ?

There's a key point to remember. The health reform bill that would require most U.S. citizens and legal residents to purchase "essential minimum cover" for them and their dependents. They can obtain this either through their employer and if the employer offers health insurance it can be purchased through new markets that sell policies to individuals.

Are there penalties if citizens ignore insurance?

If you ignore this mandate and do not get health insurance, you must pay a tax penalty to the federal government from 2014. This penalty will be pretty small initially, but by the time they are fully phased in in 2016, it will be substantial.

Insurance, fewer people would have to pony up whichever is greater: $ 695 for each family member without insurance, up to $ 2,085, or 2.5 percent of household income.
There are few exceptions. Some people with religious objections should not get health insurance. Neither the American Indians, illegal immigrants etc.

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