10°c Overcast
15°c Mainly sunny
The Canadian Press - ONLINE EDITION
A quick overview of Obama's health care overhaul
The new health care law was devised in Washington, but it's in the states where everyone will find out if it works. A thumbnail glance:
—The Patient Protection and Affordable Care Act is the biggest safety-net legislation since Medicare and Medicaid in 1965.
— Enrollment starts Oct. 1, 2013; coverage takes effect Jan. 1, 2014.
— It will move the U.S. closer to other industrialized nations that provide health care for all. About 30 million uninsured Americans are eventually to gain coverage, at an estimated cost of $1.3 trillion from 2013-2023. Insurers won't be able to turn away people with health problems.
—The law mandates that most individuals have health insurance, provides subsidies to help pay premiums and penalizes people who can afford coverage but don't get it. It imposes penalties on businesses with 50 or more fulltime workers that don't offer coverage.
—Health insurance exchanges set up in each state will offer subsidized private health plans to middle-class households. Medicaid, the government's health insurance for the poor, will be expanded to cover low-income people making up to about $15,400 for an individual. States can opt out of the Medicaid expansion.
More Business
- Back to Top
- Return to Business
More Business
(1 of 15 articles for today)
Home Depot 1Q profit rises thanks to housing recovery; raises 2013 profit, revenue forecasts
5:24 AM 0ATLANTA - Even though the weather was poor, Home Depot posted an 18 per cent increase in its net income ...
Poll
Most Popular Business
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Yahoo buys blogging forum Tumblr for $1.1 billion in boldest move yet under CEO Mayer
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Bridging the gap
- Hundreds of tons of New Zealand meat stranded at Chinese ports over certification dispute
- United Airlines resumes 787 flights after 4-month halt, with flight from Houston to Chicago
- Consumer watchdog: most sunscreens meet FDA standards, but questionable SPF ratings persist
- Judiciary Committee nearing final big decisions in shaping immigration bill
- Ex-'Pegger seeks to grow local businesses
- Transcona transformation
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Driving downtown development
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Lakeview pumped about Hecla resort
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Microsoft update to address Windows 8 complaints, confusion will be free; to be called 8.1
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- More than a new boss
- SNC-Lavalin says former executive's illegal actions justify firing
- There are lots of I's in 'team'
- Ex-'Pegger seeks to grow local businesses
- Late deal in workplace sex-harassment case
- Harper heads to South America to check out membership in new trade group
- US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default
- Transcona transformation
- Diversification spurs Exchange Income's growth
- Ex-'Pegger seeks to grow local businesses
- Driving downtown development
- Late deal in workplace sex-harassment case
- More than a new boss
- Bridging the gap
- There are lots of I's in 'team'
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- CEO, execs terminated at TCIG
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
- Local firms seek Competitive Edge in aerospace industry
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.