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The CLASS Act would have created a voluntary and public long-term care insurance option for employees, [1] [2] [3] but in October 2011 the Obama administration announced it was unworkable and would be dropped. [4] The CLASS Act was repealed January 1, 2013. [5]
President Obama addressing Congress regarding healthcare reform, September 9, 2009. Obama announced to a joint session of Congress in February 2009 his intent to work with Congress to construct a plan for healthcare reform. [154] [155] By July, a series of bills were approved by committees within the House of Representatives. [156]
There were a number of different health care reforms proposed during the Obama administration.Key reforms address cost and coverage and include obesity, prevention and treatment of chronic conditions, defensive medicine or tort reform, incentives that reward more care instead of better care, redundant payment systems, tax policy, rationing, a shortage of doctors and nurses, intervention vs ...
At the encouragement of the Obama administration, the 111th Congress devoted much of its time to enacting reform of the United States' health care system. Known as the "House bill", HR 3962 was the House of Representatives' chief legislative proposal during the health reform debate.
In July 2013, the Obama administration announced this penalty would not be enforced until January 1, 2015. [ 116 ] [ 117 ] For employer-sponsored plans, a $2,000 maximum annual deductible is established for any plan covering a single individual or a $4,000 maximum annual deductible for any other plan (see 111HR3590ENR, section 1302).
According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle-class families as the McCain plan. [235] Obama's plan includes a temporary "Making Work Pay" program, which gives a tax credit at 6.2% of earned income up to $400 for single workers (making less than $75,000/yr), and an $800 for married couples ...
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The impact on government spending could be higher, depending on the details of the plan used to increase coverage and the extent to which new public coverage crowded out existing private coverage. [74] Over 60% of personal bankruptcies is caused by medical bills. Most of these persons had medical insurance. [75]