American Health Care Reform Act 2017 Text Details
In health care reform 2017 are you a winner or a loser? In this new era of health reform care, all people can’t be beneficiary for changes. There are some winners as well as losers also. Here, we have given some advantageous people and non- advantageous people for health care reform.
College students are more beneficial because they will be able to stay on their parents’ insurance until they are 26 years old. Whereas, people, who haven’t carry health insurance are big losers because they have to pay tax penalties minimum $695 to maximum $2085 per family or 2.5% of household income from 1st January, 2014.
Children with pre-diabetes or pre-asthma will get coverage under new health care whereas taxpayers who earn more than $200,000 individually or $250,000 as a married couple have to pay 0.9% more in Medicare taxes and this will also apply to dividend and capital gains income.
Middle class family that fall below 400% of Federal Poverty Level and can’t afford to buy health insurance will get tax credits to help in reducing their costs. Whereas, if a person is covered with employer’s plan which premium exceeds $8,500 for a single person or $23,000 for a family, have to pay extra tax known as “Cadillac Tax.”
Seniors with Medicare Part D can see the doughnut hole diminish from the loss of 100% coverage for drugs when they enter the doughnut hole to a co-pay of 25% by 2020 which was 50% in year 2011. There will be $250 rebate to Medicare beneficiaries when they reach at the doughnut hole coverage gap. Now those younger adults have to pay monthly premium though insurers can’t charge seniors more than three times the amount younger people pay.
Drug companies are in benefit as well as in loss as they have contribute $84.8 billion over 10 years and agreed to reduce costs of drugs when seniors reach at doughnut hole and in return they get benefits. They also get protection for 12 years against generic drugs competing with biotech drugs.
Insurance companies will receive about 32 million new customers due to new health care and collect a large premium. But they have to make major changes in business and pay about $70 billion in new taxes over 10 years on health insurance premiums.
Hospitals will benefited by 32 million more people insured with coverage whereas treatment of uninsured individual will go down. In addition, hospitals have to pay more Medical reimbursement rates and cuts in federal aid for treating indigent people.
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