Posts Tagged ‘timeline’

April 21, 2010

Key Documents

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Obamacare Implementation Timeline

Click here for an Obamacare Implementation Timeline compiled by the Minority Staff of the House Energy and Commerce Committee.

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March 29, 2010

Health Care News

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Obamacare Implementation Timeline

Obamacare has not even been the law of the land for one week and already major Fortune 500 companies are announcing hundreds of millions, and even billion, dollar hits to their bottom line. Heritage’s health care team has gone through the legislation and produced the following timeline (pdf) of major policy implementation. Highlights from each year include:

2010: Establishes a requirement to provide coverage for non-dependent children up to age 26 to all existing health insurance plans starting six months after enactment.

2011: Increases the additional tax for Health Savings Account withdrawals prior to age 65 that are not used for qualified medical expenses from 10% to 20%.

2012: Reduces the benchmark payment for Medicare Advantage plans that cover 20% of all seniors.

2013: Imposes a 2.3% excise tax on all medical device manufacturers.

2014: All individuals must buy a government approved health insurance policy or face IRS tax penalties of up to $2,250 per family.

2017: States may allow businesses with more than 100 employees to buy insurance on their exchange.

2018: Imposes 40% tax on high-cost health insurance plans.

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December 30, 2009

Health Care News

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Senate Health Care Timeline

Obamacare is not yet law, but the battle over which elements of it should be repealed has already begun with both sides believing they will have the upper hand. Key to this debate will be which elements of Obamacare phase in when. Heritage Foundation scholar Robert Book has poured through the Senate bill and produced the following chart (pdf) detailing how the Senate version of Obamacare is scheduled to be implemented between 2010 and 2017. Highlights from each year include:

2010: Physician Medicare payments decrease 21% effective March 1, 2010

2011: “Annual Fee” tax on health insurance, allocated according to share of total premiums. Begins at $2 billion in 2011, then increases to $4 billion in 2012, $7 billion in 2013, $9 billion in the years 2014, 2015, and 2016, and eventually $10 billion for 2017 and every year thereafter. Two insurers in Nebraska and one in Michigan are exempt from this tax.

2012: Medicare payment penalties for hospitals with the highest readmission rates for selected conditions. (more…)

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