Comprehensive health reform legislation will:
• Provide more than 30 million Americans access to affordable health coverage.
• Reduce the federal deficit by $132 billion over 10 years.
• 495,000 uninsured Missourians will gain health coverage.
• More than 1 million Missourians will access more affordable coverage through the health insurance exchange.
• 516,000 residents could qualify for premium tax credits to help them purchase health coverage.
• 961,000 seniors would receive free preventive services.
• 171,000 seniors would have their brand-name drug costs in the Medicare Part D “doughnut hole” halved.
• 79,900 small businesses could be helped by a small business tax credit to make premiums more affordable.
Reform Legislation Includes Significant Private Health Insurance Reforms to:
• Prohibit private insurance companies from turning down individuals because of pre-existing medical conditions or rescinding policies.
• Stop insurance companies from charging higher premiums because of pre-existing conditions, gender, or occupation
• Prohibit annual or lifetime limits on coverage. Protect consumers with annual out of pocket spending caps after which the insurance company must pay.
• Cap insurance company administrative overhead and profits, requiring insurers to use premiums to pay for medical care. Insurance companies must spend 85% of premiums on medical care in the group market and 80% in the individual market.
• Strengthen oversight of insurance premium rates and rate increases.
• Allow sales of insurance across state lines, as long as companies comply with minimum
requirements created by states participating in compacts authorizing such sales.
Sunday, March 21, 2010
How Federal Reform Will Help Missouri's Families and Communities
via Missouri Jobs with Justice: