• For the uninsured The uninsured will be offered a lower barrier to medicaid – 133% of the poverty line. For those between 100% and 300% of the poverty line, subsidies will be available. Between 300%-400%, premiums are capped at 13% – a little high, but still cheaper than right now.
• Paying for it The bill, which requires all families to have insurance (or pay a $3,800 fine), asks for employers to defray costs of government subsidies. High-end insurance plans would also be taxed at 35%, and players in the medical industry would help pick up part of the bill.
• What’s missing?The big one: There’s no public option. Instead, it relies on nongovernmental consumer cooperatives. Also, Republicans dislike the way cost has been handled and say issues related to abortion and illegal immigration have not been quashed in this bill. source

Posted by Ernie Smith • Permalink