Health Care Reform Bill: When Will We See Changes?
The landmark Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act were signed into law this week. Revisions were made and passed under a second vote. When will we begin to see changes?
Some of the changes are highlighted in the bullets below. We also posted links that map to several helpful documents which provide additional changes we can expect to see by 2020.
2010
Clarity for consumers
Timeline
Key points
Student loan changes
Some of the changes are highlighted in the bullets below. We also posted links that map to several helpful documents which provide additional changes we can expect to see by 2020.
2010
- Insurers must give parents the option to allow their children to remain on their policy until the child's 27th birthday.
- Insurers cannot deny coverage to a child with a pre-existing condition.
- Insurers cannot place a lifetime cap on benefits.
- Medicare recipients will receive a $250 rebate to help fill the "doughnut hole" in prescription drug coverage.
- Student loan changes (See source links below.)
- Co-pays for medical checkups and other preventive procedures will be eliminated for Medicare patients.
- Almost everyone will be required to have health insurance or be liable to a fine. Low income parties will be exempt.
- Companies with fifty or more employees must offer health insurance or else pay a $2,000 penalty per worker.
- The feds will offer subsidies to help consumers pay for insurance.
Clarity for consumers
Timeline
Key points
Student loan changes
Comments