Wednesday, March 24, 2010

HCR rollout timetable

Official summaries and timelines for the rollout of health care reform are now posted on the Democratic Policy site. Presumably these do not yet include the changes made by the reconciliation bill now under debate.

One of the more striking highlights of this list: Each and every item on the list is a benefit to most Americans, which translates to an increase in disposable income or opportunity. It's going to be tough for Republicans to take this list to their constituents and threaten to repeal it.

2010 Provisions

Calendar year 2010
Tax credit assistanceSmall businesses are eligible for a 35% tax credit; non-profits may receive up to a 25% credit.

Medicare Part D "donut hole" begins to close. Seniors receive a $250 rebate for prescription expenses in excess of $2,830.00.

Adoption Credit Increases adoption credit by $1,000, makes it refundable, and extends the credit through the 2011 tax year

Health students' assistance - Expands student loan programs, scholarships and loan repayments for medical services students, also allows exclusions from gross incomes for health professionals serving in underserved areas.

March 23, 2010
Federal grants to states to implement consumer assistance for complaints

April 1, 2010
Medicaid - Allows states to opt to cover parents and childless adults up to 133% of the Federal Poverty Level and receive federal funds under the current (strengthened) formulas
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