Companion Bill HCERA HR 4872 To Obamacare Needs To Be Repealed Also

• Increasing tax credits to buy insurance
• Eliminating several of the special deals given to senators, such as Ben Nelson‘s “Cornhusker Kickback“
• Lowering the penalty for not buying insurance from $750 to $695
• Closing the Medicare Part D “donut hole” by 2020 and gives seniors a rebate of $250.
• Delaying the implementation on taxing “Cadillac health-care plans” until 2018
• Requiring doctors who treat Medicare patients be reimbursed at the full rate
• Setting up a medicare tax on the unearned incomes of families that earn more than $250,000 annually.
• Offering more generous subsidies to lower income groups. Households below 150% of the federal poverty level would pay 2% to 4% of their income on premiums. Health plans would cover 94% of the cost of benefits. Households with incomes from 150% to 400% of the federal poverty level ($88,200 for a family of four) would pay on a sliding scale from 4% to 9.8% of their income on premiums, rest will be covered by government advanceable, refundable tax credit. Health plans would cover 70% of the cost of the benefits.
• penalty for a company with more than 50 workers not offering health care coverage after 2014, of $2,000 for each full-time worker above 30 employees. For example, an employer with 53 workers will pay the penalty for 23 workers, or $46,000.
• increasing Medicaid payment rates to primary care doctors to match Medicare payment rates, which are higher, in 2013 and 2014.
• the federal government paying all costs of expanding Medicaid under the reform until 2016, 95% in 2017, 94% in 2018, 93% in 2019, and 90% thereafter. Some states that already insure childless adults under Medicaid would receive more federal money for covering that group through 2018.
• a 50% discount on brand-name drugs for Medicare patients beginning in 2011. By 2020, the government would pay to provide up to 75% discount on brand-name and generic drugs, eventually closing the coverage gap.
• extending the ban on lifetime limits and rescission of coverage to all existing health plans within six months after signing into Law

• Ending the process of the federal government giving subsidies to private banks to give out federally insured loans. Instead loans will be administered directly by the Department of Education.
• Increasing the Pell Grant scholarship award.
• For new borrowers of loans starting in 2014, those who qualify would be able to cap the amount they must spend on loan repayment each month to 10% of their discretionary income, down from 15%.
• For new borrowers after 2014, loans would be eligible to be forgiven to those who make timely payments after 20 years, down from 25 years previously.
• making it easier for parents to take out federal loans for students.
• using several billion dollars to fund schools that predominantly serve poor and minority students, as well as increasing community college funding.

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