President Obama Health Care Plan: ” What It All Mean for Us”

More than a week after President Obama sign the sweeping red-hot health care justness, which eventu altogethery provides redress indemnity insurance reporting for 32 million uninsured Ameri apprize, galore(postnominal) of us are put away scratching our head (Parker). What just happened? And how and when allow for we start feeling its upshot? Effective this year, in six months, children with preexisting condition cannot be denied health care. In 2014, Medicaid go forth cover individual up to 133 percent of the distress levels (Landau and Parker) also, in 2014, insurance companies provide not be able to revoke adults with preexisting conditions coverage or charge them higher premium.Some adult wint likely qualify for Medicaid under the 2014 rules (4). More immediately however, they will benefit from the expansion of funding for community health center, which offer foreswear and reduced-cost care. While the biggest change will not take effect until 2014 somewhat im portant provision will gravel as early as June, the question that everyone want to know is How soon will the new law help me (Obama Plan). The answer depends on your age and reason for not having insurance.If you cant afford or dont qualify for insurance because of a preexisting Medicaid problem (1). You may be eligible for a new federal High risk pool to be offered by the end of June (2). The federal be after is expected to offer more low-cost coverage than the existing state visualize and will not inflict the same income restriction as Medicaid (Obama Plan). The new plan will begin immediately to close the Medicare donut hole, by giving you 50 percent discount on brand-name prescription drug for senior who qualify.It will end insure practice of charging different premium or denying coverage ground on gender, and will secure premium variation based on age. The new bill will provide new revenue enhancement credit on a suding scale to individual and families that will limit ho w much of their income can be spent on premium. People with nongroup plan may see increase, but more than half the enrollees in nongroup plan will qualify for federal subsidies, lowering cost for middle and moderate-income families on average by just about 60 percent (Obama Plan 7 ).And also this year tax credit as high as 30 percent of premium will be available to many small businesses, which offer health coverage to employee. The President plan will also cap out-of pocket expanse and will prohibit insurance companies from imposing annual or lifetime caps on benefits payments. Under the new rule companies generally cant rescind a policy for a minor application error. Many great deal look at this as a better law for health care.Better for all American families like there are now no more worries about if you will be coverage because you dont have insurance or if you worried about losing your job and now have no money to pay for your child Medicare bills. This plan will protect all that qualify for better health care. Although there are still people that feel that this isnt much and that feel we have went from a amply plan with a small deductible and great prescription coverage to a plan now that is basically a high-deductible plan. But I feel that its a winner.