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 is the general idea of how it will affect the majority of the US:
Most of the new plan will go into effect in 2014 and later. However, the changes in the new bill will be quite vast. There will be a requirement for lower income families to purchase health insurance, If they do not have insurance, there will be a penalty of over $2,000.
Families that already have insurance will not see much of a change. However, these families may eventually see a decrease in their rates.
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 some companies may be able to dance around this requirement, most will be required to have some kind of health insurance available for their employees. This is a great thing for workers who are employed with small businesses, as they may not have otherwise received coverage.
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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