The new health care bill is one that is very complex. There is so much attach to this bill that its affect is different on everyone in America. In fact, this bill is so complex that it could affect you differently than even your next door neighbor in the same income bracket as you.
Here are some specifics that will be relevant to the general American population:
The first part of the plan to take place in 2014 is the requirement of all low income families to have health insurance. If they do not have insurance, they will be required to purchase health insurance, or pay a hefty penalty in excess of $2,000.
Anyone who already has insurance may not see much of a change in this part of the bill. However, they may eventually see their insurance rates go down.
Due to all of the healthy and not healthy people being added to the insurance pool, it is hard to say how this will affect your rates.
To help balance the offset of costs, the higher income brackets will see an increase in their taxes. There will still be a cap in how much is taxed, but those higher income brackets will be increased by a few thousand dollars.
Small businesses will feel it the most as they will also be required to purchase health insurance. However, there will be tax breaks, discounts, and subsidized discounts to help.
While all companies will be required to offer some kind of health insurance to their employees, there will still be some companies that will find a way around it.
There is still a lot of time and information yet to be released on this new bill. However, for now it is apparent that the requirement for health insurance is going to have the most effect on everyone in the country.
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