Possibly the four most often asked questions asked about President Obama’s health care reform are listed below.
What Would Happen to Medicare?
The proposal would set up a board that would research and propose solution to reduce the costs of Medicare. The board would be specifically prohibited from proposing anything which would amount to rationing care for the elderly. Instead the proposal would focus on reducing waste and fraud while making Medicare more efficient.
What if I Can Not Afford Health Insurance?
Individuals who make between 100%-400% above the federal poverty level would be eligible to receive credits to assist them in purchasing health care insurance. The amount of credit would generally go down the more income an individual made. For the poorest the credit may pay for all of their health care premiums.
Would Employers Be Forced to Provide Insurance?
Maybe. If a business has over 50 full-time employees they will be forced to offer health care coverage or face a $750 fee per employee. Businesses with less than 50 employees would be exempted from providing coverage.
What About Medicaid?
Medicaid would be expanded to cover all individuals under the age of 65 who make less than 133% of the federal poverty level. Currently the poverty level is around $18,000 for a family of three.
Ref: Ryan Witt - Political Buzz Examiner