Health Care Reconciliation Package
President Obama has signed the $940 billion comprehensive health care reconciliation package. The legislation (PL 111-152) incorporates adjustments to the Senate-passed legislation based largely on the proposals submitted by President Obama. It maintains proposals to create health insurance exchanges and to provide tax credits to qualifying individuals and small businesses, including nonprofits, for purchasing health insurance. The package would slightly modify the Senate-proposed excise tax on high cost insurance plans and is projected to reduce federal deficits by $138 billion over the first ten years.
Health Care Reform Legislation
The President has signed a $875 billion comprehensive health bill, the Patient Protection and Affordable Care Act (PL 111-148) with a manager’s amendment package. The final bill eliminates the government-run public insurance option in favor of multi-state insurance exchanges, increases the Medicare payroll tax for high-income filers, and expands the accessibility of tax credits to qualifying individuals and small businesses, including nonprofits, for purchasing health insurance.
Health Care Reform: Revenue Effects and Cost Estimates
IS has provided for its members (IS member password required):