August 22nd, 2009 by B

Author: Keith Frith

Taxes (Title II, Sec. 207):
A trust fund will be created for the health insurance exchange program. The amount of money given to this fund will be what Congress deems necessary. Part of the trust fund money will be taken from taxes on individuals who do not obtain health insurance deemed acceptable under this bill. Also, employers who do not provide acceptable coverage will be taxed.

State Insurance Exchange (Title II, Sec. 208):
A State may opt to apply for a State-based Health Insurance Exchange. The Commissioner may deny the application until it is determined the State meets certain requirements of the Commissioner.

Start-up Cost (Title II, Sec. 222):
Before collection of premiums, the US Treasury will provide $2 billion for creating the public health insurance option. This money is to be payed back over a 10 year period.

Rates for Physicians & other Professionals(Title II, Sec. 223):
The Secretary of Health and Human Services will set the payment rates of health care providers, physicians, and other health care professionals who participate in Medicare and the public insurance option. The rates will be similar to what Medicare pays.

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