Wednesday, March 24, 2010

New health care bill facts

New health care bill facts!
Today only aday after the signing of the Health care bill we learn just a few details about what is in it. I am sure that this is only the beginning.
  1. Tax hikes, mainly on the highest-income Americans.
  2. A tax on medical devices and drug companies.
  3. A tax on employers for high end plans.
  4. A $750 fine for people without a medical insurance from 2014.
  5. Ins companies can no longer refuse pre-existing conditions.
The law doesn't open up the insurance industry to competition across state lines, includes no meaningful malpractice reform, and imposes few incentives on consumers to take better care of themselves.
I think that this law is a bust. The brunt of the mandates do not start for a few more years. All people that have insurance through their employers will not see a premium increase until Jan,1 2011. I personally can't wait.(sarcasm)

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