1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Healthcare Timetable

Discussion in 'Political Debate & Discussion' started by Deacon, Mar 29, 2010.

  1. Deacon

    Deacon Well-Known Member
    Site Supporter

    Joined:
    Aug 23, 2002
    Messages:
    9,471
    Likes Received:
    1,228
    Faith:
    Baptist
    Within the first year


    • Young adults will be able stay on their parents' insurance until their 27th birthday.

    • Seniors will get a $250 rebate to help fill the "doughnut hole" in Medicare prescription drug coverage, which falls between the $2,700 initial limit and when catastrophic coverage kicks in at $6,154.

    • Insurers will be barred from imposing exclusions on children with pre-existing conditions. Pools will cover those with pre-existing health conditions until health care coverage exchanges are operational.

    • Insurers will not be able to rescind policies to avoid paying medical bills when a person becomes ill.

    • Lifetime limits on benefits and restrictive annual limits will be prohibited.

    • New plans must provide coverage for preventive services without co-pays. All plans must comply by 2018.

    • A temporary reinsurance program will help offset costs of coverage for companies that provide early retiree health benefits for those ages 55 to 64.

    • New plans will be required to implement an appeals process for coverage determinations and claims.

    • Adoption tax credit and assistance exclusion will increase by $1,000. The bill makes the credit refundable and extends it through 2011.

    • A 10 percent tax will be imposed on amounts paid for indoor tanning services on or after July 1.

    • Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.

    2011


    • Medicare will provide free annual wellness visits and personalized prevention plans. New plans will be required to cover preventive services with no co-pay.

    • States can offer home- and community-based services to the disabled through Medicaid rather than institutional care beginning October 1.

    • A 50 percent discount will be provided on brand-name drugs for Prescription Drug Plan or Medicare Advantage enrollees. Additional discounts on brand-name and generic drugs will be phased in to completely close the "doughnut hole" by 2020.

    • Additional tax for health savings account withdrawals before age 65 for nonqualified medical expenses will increase from 10 percent to 20 percent. Additional tax for Archer medical savings account withdrawals not used for qualified medical expenses will increase from 15 percent to 20 percent.

    • A plan to provide a vehicle for small businesses to offer tax-free benefits will be created. This would ease the small employer's administrative burden of sponsoring a cafeteria plan.

    • The Medicare payroll tax will increase from 1.45 percent to 2.35 percent for individuals earning more than $200,000 and married filing jointly above $250,000.

    2013


    • Health plans must implement uniform standards for electronic exchange of health information to reduce paperwork and administrative costs.

    • Contributions to flexible savings accounts will be limited to $2,500 per year, indexed by the Consumer Price Index in subsequent years.

    • The Employer Medicare Part D subsidy deduction will be eliminated. Employers will lose the tax deduction for subsidizing prescription drug plans for Medicare Part D-eligible retirees.

    • There will be increases to the income threshold from 7.5 percent to 10 percent of adjusted gross income. Those older than 65 can claim the 7.5 percent deduction through 2016.

    • The hospital insurance tax will increase 0.9 percentage points for those earning more than $200,000 ($250,000 for married filing jointly), and it includes net investment income.

    • A 2.9 percent excise tax on the first sale of medical devices will be established. Excepted are eyeglasses, contact lenses, hearing aids or other items for individual use.

    2014


    • Citizens will be required to have acceptable coverage or pay a penalty of $95 in 2014, $325 in 2015, $695 (or up to 2.5 percent of income) in 2016. Families will pay half the amount for children, up to a cap of $2,250 per family. After 2016, penalties are indexed to Consumer Price Index.

    • Workers who are exempt from individual responsibility for coverage but don't qualify for tax credits can take their employer contribution and join an exchange plan.

    • Companies with 50 or more employees must offer coverage to employees or pay a $2,000 penalty per employee after their first 30 if at least one of their employees receives a tax credit. Waiting periods before insurance takes effect is limited to 90 days. Employers who offer coverage but whose employees receive tax credits will pay $3,000 for each worker receiving a tax credit.

    • Insurers can no longer refuse to sell or renew policies because of an individual's health status. Health plans can no longer exclude coverage for pre-existing conditions. Insurers can't charge higher rates because of heath status, gender or other factors.

    • Health plans will be prohibited from imposing annual limits on coverage.

    • Health insurance exchanges will open in each state to individuals and small employers to comparison shop for standardized health packages.

    • Credits will be available through exchanges for those whose income is above Medicaid eligibility and below 400 percent of poverty level who are not eligible for or offered other acceptable coverage.

    • Medicaid eligibility will increase to 133 percent of poverty for all nonelderly individuals to ensure that people obtain affordable health care in the most efficient and appropriate manner. States will receive increased federal funding to cover these new populations.

    • An annual health insurance provider fee will be Imposed across the health insurance sector according to insurers' market share to companies whose total premiums exceed $25 million.

    2018​


    • 2018 Taxing "Cadillac" plans: An excise tax will be imposed on high-cost, employer-provided health plans beyond $27,500 for family coverage and $10,200 for single coverage; it will increase to $30,950 for families and $11,850 for individuals, retirees and employees in high-risk professions.
     
  2. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    • Businesses with fewer than 50 employees will get tax credits covering 35 percent of their health care premiums, increasing to 50 percent by 2014.

    And you all thought Obama was against small businesses.
     
  3. Dragoon68

    Dragoon68 Active Member

    Joined:
    Nov 30, 2003
    Messages:
    4,511
    Likes Received:
    0
    The worst event in the time line is the national bankruptcy that will likely hit around 2015 give or take! That's when all those private bank accounts could be seized to "save the nation"!
     
  4. Deacon

    Deacon Well-Known Member
    Site Supporter

    Joined:
    Aug 23, 2002
    Messages:
    9,471
    Likes Received:
    1,228
    Faith:
    Baptist
    As the government increases the costs and requirements on the insurance industry they will simply raise rates or limit services to the people they serve.

    I see no help in the future for those of us that currently pay ridiculous costs for our own insurance.

    Obama's plan will make us accept lower quality insurance

    Rob.
     
    #4 Deacon, Mar 30, 2010
    Last edited by a moderator: Mar 30, 2010
  5. donnA

    donnA Active Member

    Joined:
    Aug 10, 2000
    Messages:
    23,354
    Likes Received:
    0
    poor familes working to try and make it will just get poorer.
    from what I see he isn't providing anyone with healthcare, he's making people find insurance and find a way to pay for it.
     
  6. rbell

    rbell Active Member

    Joined:
    Jan 16, 2006
    Messages:
    11,103
    Likes Received:
    0
    So soon after 2014, insurance companies will go bankrupt.

    Then, we will have what Obama wanted all along--a "single-payer" system (socialized medicine, fully implemented).

    Congratulations, America. You just managed to wipe out the best healthcare system on Earth with two hundred and twenty mental midgets.
     
  7. FR7 Baptist

    FR7 Baptist Active Member

    Joined:
    May 29, 2009
    Messages:
    2,378
    Likes Received:
    1
    No. They'll just have millions of new customers.

    Single payer isn't socialist. In socialized medicine, the government owns the hospitals and doctors' offices and employs the doctors and nurses, like the VA system. In single payer system, the health care providers are private, but they are just paid for by the government, like Medicare.

    :laugh:
     
  8. targus

    targus New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
    All this does is shift the cost of buying insurance from these companies to other taxpayers.
     
  9. rbell

    rbell Active Member

    Joined:
    Jan 16, 2006
    Messages:
    11,103
    Likes Received:
    0
    Then, we will have what Obama wanted all along--a "single-payer" system (socialized medicine, fully implemented).

    You do understand the idea of "profit," right? And "free market?" I don't think you do. You see...in 2014,

    So...we're forcing insurance companies to insure everyone, no matter what...even folks who walk up after their cancer diagnosis and ask for insurance (!)...and they can't increase their rates.

    Stay with me, Paul...I think you can get this: so...insurance companies are going to have to take on an enormous uptick in expenses, and they can't increase their rates...at some point, they will quit becoming profitable. It doesn't take that many uninsured cancer patients that suddenly want insurance to wreck your balance sheet.

    So--when a company, operating at a loss, competes against the government (who operates at a loss most of the time)--who's gonna win? Even 9 out of 10 public school grads get this one!

    The government is creating rules by which private insureres won't be able to be profitable. When your expenses skyrocket, you only have two choices:

    1. Decrease expenses (which the government pretty much forbids here--and we all know they aren't capable of doing it themselves).
    2. Increase income (which by this law isn't allowed).

    But...since Obama wants a single-payer system anyway (his words, not mine)...this works to his advantage. He will have created another crisis--the insolvency of several insurers--and on a white horse rides the imperial federal government of the United Socialist Republic of Amerika. [/QUOTE]

    My bad...you're right.

    When the government controls the entirety of the production process...not the companies themselves but the complete method by which the needs are met...that is not socialism.

    It's Fascism.

    Thanks for the clarification. I do desire to be accurate.

    (of course...I could raise the question, "Just how do you think 'the government' pays all these folks? Just where do you think that money comes from?" But I've found that people who desire a more totalitarian state aren't willing to really answer those questions anyway...and if they are, there is a blind trust of the government--which "must know what is best for us...after all, they would never hurt us"--to the point of suspending rational judgment. Thank God these folks weren't in the majority in the 18th century...or we wouldn't be the United States.)

    Throughout history, when freedoms were curtailed...there were always some who lived in a state of denial--to the point of ingorance. I'm sorry that you think losing freedom is funny. It is unlikely that you will always feel that way.
     
  10. donnA

    donnA Active Member

    Joined:
    Aug 10, 2000
    Messages:
    23,354
    Likes Received:
    0
    before long these companies will be forced into bankruptcy, and the only insurer left will be the government.
     
  11. targus

    targus New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
    The dems may have stepped into it with their timetable.

    The taxes kick in right away.

    Increases in insurance premiums will come next.

    Followed by the elections.

    And only then will anyone see the benefits from this plan.
     
Loading...