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Review of Health Bill Impact in 2014
Date:5/20/2013

(PRWEB) May 20, 2013

The new healthcare bill proposes to have major ramifications in the lives and health of all Americans. However, not all the conditions were to be implemented or have an immediate impact as some might take up to 2014 to show anything.

According to Health and Human Services (HHS), some states are currently moving forward to implement the health care law and establishing Health Insurance Marketplaces, such as: Iowa, Michigan, New Hampshire, and West Virginia. HHS will continue to provide the remaining states with the flexibility, resources, and time needed to support the establishment of the new health insurance marketplace.

Health Insurance Guaranteed, a pre existing condition medical insurance company, reviews the impact of the bill in 2014, and states that consumers in every state in the US will soon be able to buy insurance from qualified health plans directly through a Marketplace and may be eligible for premium tax credits and cost sharing assistance to help lower their costs.

What will exactly be the impact of Health Bill in 2014?

  •     Healthcare exchanges: With this bill, the government has proposed setting up healthcare exchanges, which will essentially provide affordable and good health insurance to all those who are uninsured, have small businesses, or are self employed. The rationale behind these exchanges is to prevent insurance companies from hiking up their premium rates or refusing pre existing condition health insurance coverage.
  •     Mandated coverage: The proposals also seek to implement mandated coverage for all, where it claims that people who are not insured by 2014 will face a fine of $95 or 1% of their income, whichever is higher. It is important to note that this
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