More information to follow up on our first article regrading Health Care Reform.
Passage of the Health Care and Education Reconciliation Act of 2010 (H.R. 4872) Reconciliation Act) by Congress, followed by its signing by President Obama on March 30, 2010, completes a massive overhaul of the nation’s health insurance and health delivery systems. The Reconciliation Act amends the Patient Protection and Affordable Care Act of 2010 (P.L. 111-148), which President Obama signed on March 23. Combined, the two
new laws include more than $400 billion in revenue raisers and new taxes on employers
Many of the key provisions in the health care package take effect in 2010:
- Small business tax credit
- Temporary high-risk pool for individuals
- who are uninsured because of a preexisting condition
- Temporary reinsurance program for early retirees
- No discrimination against children with pre-existing conditions
- No lifetime limits on coverage
- Coverage for young persons until age 26 through parents’ insurance
- A $250 rebate to Medicare beneficiaries who are affected by the “donut hole.”
To read more from this CCH Special Report, please click here to view the PDF file.