Depending on the outcome of tomorrows vote, below are some of the likely changes that might begin to take in effect sometime in 2010 if the House Bill wins over the Senate Bill :
- Insurance companies can no longer reject coverage based on an exisiting medical or prior medical condition (to begin in 2010, House Bill)
- States can mandate that you will be required to purchase an insurance either through a private, employer or public option. A penalty would be applied to someone who declines to acquire coverage (House and Senate)
- Public Option (to begin in 2013, House Bill)
Now if the Senate Bill were to win, Reform would not start until 2014, however there can be some changes to how insurance companies can currently decline an offer of coverage based on medical history. The House Bill is the richer of the two, but costs substantially a lot more than the Senate.
Stay tuned...
No comments:
Post a Comment