Monday, March 29, 2010

Health Reform Benefits Our Families #hcr

I'm so excited that we got health reform past. I think this will be overall good for the American people. I would prefer a public option or an expansion of Medicare, but I think this law is a start.
Here are some of the benefits:
- Health insurance providers cannot deny any child coverage because of a pre-existing condition
- Insurance companies can no longer drop someone when he or she becomes ill
- Young adults can stay on their parents' health insurance plan up to their 27th birthday
- Health Insurers must now reveal how much money is spent on overhead
- New health insurance plans must cover checkups and other preventative care without co-pays
- New measures will be implemented to help eliminate health insurance waste, fraud, and abuse
- Small businesses (fewer than 50 employees) will get tax credits covering up to 50% of premiums
- Seniors on Medicare will get a rebate to fill the "donut hole" in their drug coverage
- Insurers will be required to put more premiums dollars toward actual health care services, not administration, advertising, or profits
- Insurance premium increases will be have to be reviewed and justified
- Lifetime caps on the amount of insurance a person can have will be banned
- A temporary high-risk pool will be set up to cover adults with pre-existing conditions
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