The new health care bill is very complex and complicating. This new bill affects everyone in America differently. Due to the complexity of this bill and how it affects us as individuals, this bill can be kind of hard to understand.
Here is the general idea of how it will affect the majority of the US:
The first part of the plan to take place in 2014 is the requirement of all low income families to have health insurance. If they do not have insurance, they will be required to purchase health insurance, or pay a hefty penalty in excess of $2,000.
If your family already has insurance, then it is likely you won’t see much of a change. There may eventually be a decrease in your rates, but this is not for certain.
Whether or not your insurance rates will change will depend on how many people are added into your insurance provider’s insurance pool.
The biggest effect will be on the small businesses, which will be required to have health insurance purchased. However, they will receive funding and tax breaks
The tax amount will be raised in the higher income brackets to help offset some of the costs in the lower income brackets. While there will still be a cap in how much will be taxed, the higher income bracket will still see an increase of a couple thousand dollars a year.
There will be some companies that will find a way around this requirement, but the majority of companies will be required to offer insurance of some sort to their employees.
It’s quite obvious that the biggest effect that this bill will have on the country is the required health care. However, there is still time to learn more about how to work with this new bill.
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