Reuters - "FACTBOX-Provisions of the U.S. House healthcare bill"

[TomCADem]

Here is an excerpt of the latest on the provisions of the House Bill.


http://www.reuters.com/article/regulatoryNewsHealthcare/idUSN0721489320091107

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* Creates an insurance market exchange where individuals and small businesses would purchase coverage. Sets minimum benefit packages that may be offered through the exchange.

* Creates a new government health insurance plan that would be sold through the exchange.

* Provides for the creation of nonprofit healthcare cooperatives that would sell coverage through the exchange.

* Bars insurers from excluding people for pre-existing conditions and from charging more based on medical history.

* Creates a temporary national high-risk pool program to provide medical coverage to the uninsured, including those with pre-existing conditions who have been denied coverage. The program would operate until the exchange becomes available.

* Permits young people to remain on their parents' health insurance policy up to the age of 27.

* Provides for consumer rebates if premiums far exceed the cost of covering their medical expenses.

* Sets up a state/federal process under which insurers would have to justify premium increases.

* Eliminates lifetime limits on coverage.

* Individuals are required to obtain healthcare coverage. Those who do not would face a 2.5 percent tax penalty.

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[TomCADem]

1. Bump

Just to respond to some of the misinformation being spread.

[rosesaylavee]

2. Thanks - this was helpful to read. n/t