Thursday, December 24, 2009

A bill was voted on today

This morning,

Both bills between the House and Senate were passed.  The next few weeks after Christmas, will the two bills try to be converged into one that works.  But for now, Americans can expect near universal coverage beginning in either 2013 and 2014.

In the end, it would be mandatory that people become insured, just like auto.  Americans will see an increase in their taxes to cover the cost of these bills.

As for a Public Plan, there would be requirements to be met in order to qualify.  For instance, if your income is more than 400% of the FPL, which is $3,600/month - $43,200/year you would not be able to purchase a plan from "The Health Insurance Exchange" and must seek out private insurance through a company such as mine, or through your employer, if provided.

Now an employer can opt out of providing insurance, but will pay steep penalties.

Stay tuned...

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