Effects on the average consumer
-- insurance companies cannot place lifetime limits on your medical care (can place annual limits)
-- insurance companies cannot drop coverage whenever you get sick (except in cases of fraud)
-- cannot prohibit pre-existing conditions in children (new and existing plans)
-- provides coverage for preventative services, such as vaccination and colonoscapies
-- 75% of your premium will be required to be spent on you, not on profits
-- tens of millions of Americans given tax cuts depending on their income
-- max cost of your health care is a percentage of your income
Medicare
-- medicare benefits will not be cut
-- new benefits
-- -- proven preventative services such as cancer screenings at no cost starting 2011
-- -- substantial reduction in prescription drug prices
-- -- -- 50% off by 2011
-- -- -- full coverage by 2020
-- doctors and nurses of Medicare patients are given incentive to better track the patient's info
-- -- better coordinating care, tracking prescriptions, preventing duplicate treatment/tests
-- -- improves quality of care, prevents complications, saves money
Effects on small businesses
-- misconception: small business are actually not required to buy insurance
-- gets tax credits of 35% (now) to 50% (2014) of their coverage costs
-- prevents price increase
-- -- employers with one sick worker pay more for every worker
-- -- when one worker gets sick, coverage increases in price
-- promotes new employees
-- -- people working at big business for the insurance
-- -- people not pursuing entrepreneurship due to needing health insurance