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Sunday, March 21, 2010

Health Care Bill 101: Highlights, How New Law Affects You










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The Health Care Reconciliation bill combined with the Senate-passed bill would, from 2010-2019:

-Spend $938 billion on expanding insurance coverage, including $464 billion in subsidies to help uninsured people buy coverage.

-Expand Medicaid coverage to 16 million additional people.

-Require many employers to offer coverage for their workers.

-Collect $69 billion in penalties from uninsured individuals and employers for non-coverage.

-Provide coverage through an insurance exchange to 24 million people.

-Reduce the number of uninsured by 32 million people, but leave 23 million (including illegal immigrants) not covered.

-Cut Medicare spending by $455 billion from currently-projected levels.

-Not affect next month’s scheduled 21 percent cut in payment rates to doctors who treat Medicare patients.

-Produce a net reduction in federal deficits of $143 billion.



Visit msnbc.com for breaking news, world news, and news about the economy




Sources: MSNBC, The Hill

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