When will the Obama medical reform begin?
When most people ask, “When does Obama’s medical reform begin?” They refer to the requirement that everyone must get medical insurance or pay taxes. But the Patient Protection and Affordable Care Act is very complex, with different parts starting at different times. Look at what is happening now, what will happen next, what has started. You can also see how this has changed under Trump’s plan to abolish and replace Obama’s health care reform.
November 1, 2018: The Health Insurance Exchange began to open the 2019 Obamacare reform program. Exchanges can always compare plans to see if you are eligible for subsidies. If you qualify for expanded health insurance, you can always get it.
December 15, 2018: Medical insurance public registration deadline. If you have not taken insurance at that time, the Obamacare tax is 2.5% of the adjusted total income. The maximum payment amount is equal to the average cost of the bronze program. The minimum flat rate is $695 per adult, $347.50 per child, up to $2085 per household. But President Trump’s tax law abolished this tax and came into force in 2019.
Small business owners with 100 or more workers, if they do not provide insurance, or if they can find a low-cost plan for the same benefits on the exchange, must pay $2,000 per employee (except for the top 30). If 70% of full-time employees are covered, they can be exempt from fines. The company will receive a tax credit of 50% of the insurance fee. Small businesses can search for plans on the store market.
January 1, 2019: Medical insurance purchased through the exchange began in 2019. All programs will provide each of the 10 basic health benefits, as well as all other Obamacare benefits.
The plan is divided into four different categories, arranged according to their cost and coverage. Bronze plans to pay only 60% of total medical expenses, but the monthly premium is the lowest. The other three types of plans have higher premiums but higher costs: silver plans account for 70%, gold plans for 80%, and platinum plans for 90%. The type of plan is one of the five factors that determine the cost of Obama's health care reform.
2022: Companies must pay a 40% GST for the Cadillac Health Insurance Plan. These programs offer professional insurance with a premium of $10,200 (individual) or $27,500 (family) or more. They offer lower co-payments or offer unusual benefits such as marriage counseling. If most employees are older, live in areas where medical expenses are expensive, or have dangerous jobs, companies will also offer Cadillac programs.
2020: Medicare “doughnut hole” was eliminated.
Obama medical reform has begun
March 23, 2010: President Obama signed the ACA bill. The following is the content that takes effect immediately.
Small businesses receive a 35% tax credit.
The indoor tanning service pays a 10% consumption tax.
Companies that provide early retirement retire health insurance can be reimbursed until December 31, 2011.
Those who had to pay part of the Medicare Part D prescription drug insurance ("doughnut hole") received a $250 rebate.
Parents can have their children have insurance until the age of 26.
Insurance companies can no longer give patients insurance when they are sick, cannot set a lifetime insurance limit, and cannot refuse to provide insurance for children with congenital diseases. They are required to provide 100% preventive services.
June 17, 2010: Federal regulations for the "grandfather-style" health plan that came into effect on March 23, 2010.
These additional benefits began in 2011:
Medicare paid 100% of preventive services and negotiated a 50% discount on branded drugs.
Insurance companies must prove that they spend at least 80% of their premiums on medical services or provide kickbacks to policyholders. They had to submit all the reasons for raising interest rates to the federally funded state legislature.
Federal funds have increased the number of doctors, nurses, and community health centers.
June 28, 2012: The Supreme Court ruled that Obama's medical reform is legal.
January 1, 2013: Individual taxpayers can only deduct medical expenses that account for at least 10% of income. It used to be 7.5%. If their income is $200,000 or more (family is $250,000), they will pay a 2.35% income tax on income above the threshold. They also pay a 3.8% tax on (a) dividends, capital gains, rent and royalties, or (b) income.
Medicaid paid 100% prevention and Chip extended for two years. The states have received federal funding for this purpose. The health insurance company launched a pilot project to help hospitals bundle services before paying. Medical insurance also pays 100% of the cost of a primary care physician.
Insurance companies can no longer refuse to insure anyone with a precondition. Small businesses will receive a tax credit to pay 50% of their total employee premium.
If you have not signed up for insurance at the end of the open enrollment on February 15, 2014, your income tax is approximately 2% of the adjusted total income. You will pay no more than the average cost of the bronze program. You will pay a flat rate of no less than $325 per adult and $162.50 per child, up to a maximum of $975 per household.