The New Health Care Law Approved By The Government Of The US
The new health care bill is very complex and complicating. This new bill affects everyone in America differently. Due to the complexity of this bill and how it affects us as individuals, this bill can be kind of hard to understand.
Here is a layout of this new bill that will affect the majority of America:
This new bill will begin to unfold in 2014 and after. One of the first parts of this bill will require all low income households to have insurance. If they do not already have insurance, they will be required to purchase health insurance. If these families do not purchase health insurance, they will be charged with a penalty fee of over $2,000.
If your family already has insurance, then it is likely you won’t see much of a change. There may eventually be a decrease in your rates, but this is not for certain.
With so many more people being added to the insurance pool, healthy and not, this will have an effect on whether or not your rates change.
The biggest effect will be on the small businesses, which will be required to have health insurance purchased. However, they will receive funding and tax breaks
The tax amount will be raised in the higher income brackets to help offset some of the costs in the lower income brackets. While there will still be a cap in how much will be taxed, the higher income bracket will still see an increase of a couple thousand dollars a year.
While some companies may be able to dance around this requirement, most will be required to have some kind of health insurance available for their employees. This is a great thing for workers who are employed with small businesses, as they may not have otherwise received coverage.
Without a doubt, the health insurance requirement will have the biggest effect on the majority of the country. Regardless, there is still plenty of time to adjust to these requirements and much more to learn as information is released.
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