How The New Health Care Bill Affects The United States
America has just passed a new health care bill that is very complex. This new bill affects everyone differently, which can leave you wondering how it can affect you. This bill is so complex that ever your neighbor can be affected differently than you.
Here is a layout of this new bill that will affect the majority of America:
This new bill will begin to unfold in 2014 and after. One of the first parts of this bill will require all low income households to have insurance. If they do not already have insurance, they will be required to purchase health insurance. If these families do not purchase health insurance, they will be charged with a penalty fee of over $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.
To help balance the offset of costs, the higher income brackets will see an increase in their taxes. There will still be a cap in how much is taxed, but those higher income brackets will be increased by a few thousand dollars.
The small businesses will feel it the most as they will be required to purchase health insurance as well. There will be some subsidized alternatives and tax breaks to help with these costs.
While all companies will be required to offer some kind of health insurance to their employees, there will still be some companies that will find a way around it.
There is still a lot of time and information yet to be released on this new bill. However, for now it is apparent that the requirement for health insurance is going to have the most effect on everyone in the country.
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