House Reconciliation Bill Posted At This Link!

[Better Believe It]

March 18, 2010
Categories:House
BREAKING -- Reconciliation bill posted

UPDATED: The 153-page bill makes a number of changes to the Senate bill. The highlights:

--Increases the tax credits for middle-income families who buy insurance.

--Reduces the penalty for not buying insurance from $750 to $695. But the bill also requires some people to pay a share of their income as a penalty and that number was raised from 2 percent to 2.5 percent.

--It closes the gap in Medicare prescription drug coverage by 2011 and gives seniors who fall into the gap this year a $250 rebate.

--It eliminates the Cornhusker Kickback and covers 100 percent of the increased Medicaid costs of all states until 2016 and decreases each year thereafter.

--Requires that doctors that care for Medicaid patients be reimbursed at the full rate.

--Spends $250 million to fight waste, fraud and abuse.

--Delays and blunts the tax on high-end insurance plans in keeping with the deal Democrats struck with the labor unions. However, it does lower the index at which plans will be taxed, making it likely that more plans will be affected over time.

--Imposes a Medicare tax on unearned income for families making more than $250,000.

--Includes student loan reform.

http://www.politico.com/livepulse/0310/BREAKING__Reconciliation_bill_posted_.html

Read the full text at this link:

http://docs.house.gov/rules/hr4872/111_hr4872_amndsub.pdf

[leveymg]

1. That's it in the Reconciliation? This is a trim around the edges - the Senate Bill is intact.

The voters will HATE us for this come November.

[Better Believe It]

3. It's pretty much the Senate bill. But, the House won't be allowed to vote on the Senate bill.

[Bluebear]

2. Wow, they really went out on a limb with this reconciliation!

:eyes:

[Better Believe It]

4. Pretty bold!

[NYC_SKP]

5. I like it so far, I'm only half way through it though. It's a long read.

Just kidding, I'm not even up to page 1,000 yet.

[Better Believe It]

6. It's mainly 153 pages of puff outside of the higher excise tax on health insurance plans.