Breaking News: House Passes Health Care Reform
At 11:09pm Eastern Time, the House of Representatives passed sweeping health care reform legislation with HB3962. The vote was 220- 215 , with 39 Democrats voting against Health Care reform. One republican voted for the bill. 176 Repubilcans opposed the bill.
The bill, over 2000 pages, includes a Public Option. An amendment passed tonight that banned Abortion coverage being included with any Public Option or private plan where federal subsidies are involved. Rep. Jan Schakowski argued vehemently for abortion funding , but was unsuccessful in getting that amendment killed.
President Obama mentioned today that 14,000 people are losing their health insurance every day. He did not mention that the reason that they are losing insurance is because the economy in contracting, and people are losing their employer based health care. Perhaps it would be wiser to cut taxes and stimilulate Job growth instead of adding taxing those that still have jobs. The bill will include appx. $400 billion in new taxes on the health care industry over the next 10 years. Those taxes start January 1, 2010. (in 54 days)
The bill, over 2000 pages, includes a Public Option. An amendment passed tonight that banned Abortion coverage being included with any Public Option or private plan where federal subsidies are involved. Rep. Jan Schakowski argued vehemently for abortion funding , but was unsuccessful in getting that amendment killed.
President Obama mentioned today that 14,000 people are losing their health insurance every day. He did not mention that the reason that they are losing insurance is because the economy in contracting, and people are losing their employer based health care. Perhaps it would be wiser to cut taxes and stimilulate Job growth instead of adding taxing those that still have jobs. The bill will include appx. $400 billion in new taxes on the health care industry over the next 10 years. Those taxes start January 1, 2010. (in 54 days)
Posted by HealthInsure.com at 11/7/2009 11:09 PM 
Categories: healthcare reform
Tags: Obama Health Care Reform passes. HB3962
Categories: healthcare reform
Tags: Obama Health Care Reform passes. HB3962
This will go down as the most disastrous day in American History....they day that Socialism took presidence over Capitolism!
Reply to this
While I agree with your staement it's not quite complete - I have a job and at present have insurance but my premium has been raised fromm $1100.00 to $1400.00 (rounded these figures down not up) This for me, my husband and daughter - my husband and I both have preexisting conditions but nothing serious (if it was serious can you imagine what the premium would be??) I can't contimue this and will soon be one that is either uninsured or underinsured - there has to be a way to fix this - BTW in the last 2 years we have used our insurance only for being sick (sore throat, etc. nothing major)so I have no idea why our premium keeps going up. Maybe everyoen should drop their insurance and see if this wouldn't wake up the insurance companies as well as our Congress.
Great site and information.
Reply to this
I think this is a great article. I agree with the part in the article that says Perhaps it would be wiser to cut taxes and stimulated Job growth instead of adding taxing those that still have jobs. The bill will include appx. $400 billion in new taxes on the health care industry over the next 10 years. Those taxes start January 1, 2010. (in 54 days) this is crazy. It gets worse and worse all the time on health care.
Reply to this
Health Care Reform Act-intent for Change
For many years, America’s health brokers have been offering health insurance to individuals, small businesses and large businesses for decades, yet the enrollment statistics have revealed a steady decrease on an annual basis. The number of uninsured Americans is estimated to be as high as 30 million, and the Health Care Reform Act offers a solution. Not only will there be a higher enrollment number for America’s health brokers, but as of 2014, it will be required by law for every American to obtain health insurance. Every single American will be impacted by the New Health Reform Bill, making it one of the most important measures of the 21st Century.
Businesses
The main focus will be on businesses of 50 or more employees, in which they will be required to offer individual health plans, as well as family plans to all employees or face some stiff fines from the government. The amount comes to $2000 per uninsured employee, though there are exemptions to this fine. If you as an employer assist an individual with acquiring a personal health insurance plan through an open market called an exchange, then it would result in no fines. This only applies to an individual who makes a certain amount under the Federal Poverty Level, and the premiums are over 8% of his annual income.
America’s health brokers can rest easy in the fact that there will be expanded coverage, though there may be more competition. With the rise in individuals who will have health insurance, there may not be as large of a risk as one may assume. Though the new bill will require America’s health brokers to enroll individuals with pre-existing conditions, there will also be a new population of young individuals who will be insured with fewer health problems.
It is understood that larger companies already provide a group insurance plan (HMO, PPO) that covers all areas of needs for the population of employees. These policies will change very little, but there may be some changes in where the funding for the new health care plan will come. It is proposed that those making a certain amount of money, both individuals and couples, will be taxed at a higher percentage than others. This will provide money that can be used for the exchange and making sure that all individuals will be offered an affordable health plan.
There are still a few years before the plan goes into full effect, though some of the measures will be enforced immediately. There will be plenty of time to sort out the details and iron out the difficulties. As for the plan, anyone who does not have health insurance as of January 1, 2014, will be penalized a certain amount of money, and this amount could become worse if health insurance is continuously neglected. There has never been a better opportunity for America’s health brokers in terms of acquiring a new customer base-a broader customer base. Also, there has never been a better time in history for individuals being pr
Reply to this