Medicare took one year; reform to take decade
Even if bill is signed this fall, uninsured won't get coverage until 2013
Associated Press
July 20, 2009
WASHINGTON - President Lyndon Johnson signed the Medicare law on July 30, 1965, and 11 months later seniors were receiving coverage. But if President Barack Obama gets to sign a health care overhaul this fall, the uninsured won't be covered until 2013 — after the next presidential election.
In fact, a timeline of the 1,000-page health care bill crafted by House Democrats shows it would take the better part of a decade — from 2010-2018 — to get all the components of the far-reaching proposal up and running. The moving parts include a national insurance marketplace overseen by a brand new federal bureaucracy — the Health Choices Administration.
2013: The year of heavy lifting and major coverage changes. Insurance companies are barred from discriminating against people with health problems. The government opens the health insurance exchange — a new purchasing pool — to individuals and businesses with fewer than 10 workers. A government-sponsored plan is among the options available through the exchange, with premiums estimated 10 percent lower than private coverage. All plans in the exchange offer at least the basic benefits package. Individuals and families making up to four times the federal poverty level get subsidies to help pay for insurance. Individuals are required to get coverage — and employers to offer it — or face financial penalties. Businesses with payrolls under $250,000 are exempt from the mandate. Medicaid eligibility is expanded.
2014: The health insurance exchange is expanded to include companies with up to 20 employees and people who can't afford premiums under their employer's plan.
2015: The government decides whether to open the health insurance exchange — and the government-sponsored plan — to all employers.
2018: Employers who continue to provide coverage outside the exchange must offer at least the same basic benefits available through the government-regulated purchasing pool.
Please read the complete article at:
http://www.msnbc.msn.com/id/32013032/ns/politics-white_house