Beginning in 2014, Americans will be required to buy government-approved, private health insurance or else pay a penalty.
Beginning in 2014, Americans will be required to buy government-approved, private health insurance or else pay a penalty.
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Health insurance companies will be required to spend on medical care at least 80% of the premium payments they receive from individual and small-group plans (and at least 85% from large group plans). The federal government will define what constitutes medical care.
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Health insurance companies will be required to spend on medical care at least 80% of the premium payments they receive from individual and small-group plans (and at least 85% from large group plans). This is intended to prevent companies from repeatedly raising rates to increase executive bonuses.
=== Immediate Impact in 2010 ===
=== Immediate Impact in 2010 ===
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Prohibits health plans from discriminating against providers, but plans are not required to contract with any provider.
Prohibits health plans from discriminating against providers, but plans are not required to contract with any provider.
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Requires health plans to develop politically correct language services, community outreach and cultural competency trainings.
=== Employer Requirements ===
=== Employer Requirements ===
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=== Medicaid ===
=== Medicaid ===
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ObamaCare expands Medicaid (medical care for the poor) to everyone (under the Medicare age of 65) who has income less than 133% the federal poverty level. States must pay this enormous new burden, but federal government promises to reimburse costs of newly eligible patients under this program from 2014 to 2016.
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ObamaCare expands Medicaid (medical care for the poor) to everyone (under the Medicare age of 65) who has income less than 133% the federal poverty level.