What are the good and bad points in the health care bill?
This article provides insight into the good and bad points of the recently signed healthcare reform bill.
With the recently signed healthcare reform bill, Americans are still a little confused in regards to what the bill contains exactly and what it means to whom. The following is a list that aims to carefully offer a list of the good and bad points of the healthcare reform bill so citizens can get a better understanding of how healthcare will change for them.
The Best Points
Perhaps the most obvious change is that Americans under 65 who were not previously covered will have health insurance, amounting to an increase of about 32 million. Additionally, insurers are unable to deny those with preexisting conditions and cannot drop those who become sick, even if they lose their jobs.
The Good Points
Those who cannot afford insurance still can get it for very cheap or perhaps even free. Children up to the age of 26 can remain on their parents’ plan. For Americans over 65, the doughnut hole will be closed and availability of Medicaid will significantly be expanded. Best of all, it will reduce the national deficit by over a trillion dollars in twenty years.
The Bad Points
Anything good comes with something bad to it; for instance, very expensive health plans come with taxes and an increase in tax comes to the wealthy. Those who make more than about $250,000 will need to pay extra tax for Medicare Payroll and the need to pay for Medicare taxes on investment income will come into play as well.
The Worst Points
The majority of the bill will not take effect for another four years. The first ten years will cost nearly as much as the Iraq War per year – $94 billion. However, tax increases will cover this. Taxes may also take place as per the Individual Mandate. One must either buy insurance or expect an increase of 2.5% in taxes.
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