The Healthcare reform bill Authored by the Congress has finally been accepted. It is very important that we know the advantages and disadvantages of this bill. Let’s discuss some details about this healthcare laws which ought to be common knowledge for every single citizen. The insurance companies will be under the watchful eye of the government. The minimum services to be covered, such as preventative care, will be standardized. The premiums must have a specific percentage to be paid out to individual care. The trades will be opened by the year 2014. By that time, the insurance companies won’t be able to turn down customers due to the previous conditions.

Health Care

The hospitals or other personal health care institutions will not be Taken over by the government how they do in Britain or Canada. Physicians will not be under the employment of the government like in Britain. And unlike in Canada where all invoices are paid by the government (single-payer system), the US authorities is only going to aid individuals in purchasing insurance from private companies. The other regions of the last system such as Medicaid for the deprived, employer-assisted insurance, or Medicare for the elderly won’t be touched. For individuals that are compelled to find insurance by themselves, the government will create trades for health insurance. With this, they can relatively analyse plans and prices with minimal effort.

Small businesses are not obliged to provide insurance for their Employees but massive companies will be fined if they fail to purchase them insurance. Large companies are the ones that employ fifty employees or more. By way of instance, an employee for a company of workers purchases insurance on the market. Then it is discovered that he is eligible for the government’s low-income credit then the corporation will be afforded a good. According to the individual mandate, every person must have A health insurance otherwise they will be fined. The intention of this authorities is to cover premiums for people who earn under a certain bracket. A minimum of $695 for each individual annually will include the fine. However, there are exceptions such as hardship on financing and other exceptional cases. The Medicare program, which can be controlled by the authorities, Will keep on shouldering the medical expenses for senior citizens.