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Overall Wellness Throughout The Place Of Work

The Obama administration is appealing the decision and plans to continue implementing the law. The measure aims to expand healthcare insurance to roughly 30 million Americans and imposes new industry rules and taxes.

Here are some of the law’s major provisions and when they were implemented or are set to take effect:

2010

Several consumer protection rules took effect in September, including allowing children to stay on their parents’ health insurance plan until age 26, banning lifetime coverage limits and ending denial of coverage for children because of pre-existing health conditions.

A temporary insurance program was created to help provide coverage to “high risk” patients with pre-existing conditions.

A phase-in of tax credits began for certain small businesses that provide health insurance to workers.

2011

Health insurance companies — which include Aetna Inc and WellPoint Inc — face new limits that call for at least 85 cents of every premium dollar to go toward medical costs, with 15 cents for overhead and salaries.

Small group or individual plans must spend at least 80 cents per dollar on care.

Drugmakers must offer a 50 percent discount on brand name drugs for elderly or disabled Americans enrolled in Medicare’s Part D prescription drug plans who also hit the so-called “doughnut hole” coverage gap. Generic drugs will also cost less.

This entry was posted on Wednesday, February 2nd, 2011 at 12:11 am and is filed under Florida Health Insurance, Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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