What is in the health care bill that just passed - The Oregon Catalyst

What is in the health care bill that just passed - The Oregon Catalyst

Source: The Wall Street Journal

Cost

• The proposal will cost $940 billion over a decade and reduce the deficit by $138 billion in the first 10 years, according to a CBO estimate.

New price tags, taxes
• A new excise tax on high-premium insurance plans, equal to 40% of premiums paid on plans costing more than $27,500 annually for a family, starting in 2018
• An increase in Medicare payroll taxes on couples with income of more than $250,000 a year.
• Customers of indoor tanning salons would pay a 10% tax
• Fees on insurance companies, pharmaceutical companies and medical device manufacturers, including $33 billion over ten years on fees on drug makers
• A tax on individuals without qualifying coverage, maximum penalty set at 2.5% of income Requirements
• Requires U.S. citizens and legal residents to have qualifying health coverage
• Individuals without qualifying coverage could face a penalty up to 2.5% of income
• Exemptions for economic hardship, religious objections, American Indians, those without coverage for less than three months, undocumented immigrants, incarcerated individuals
• Employers of 50 or more full-time workers that do not offer coverage would pay a fee as high as $2,000 per worker if the government ends up subsidizing employees' coverage

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What is in the health care bill that just passed - The Oregon Catalyst