2013 Will See Big Changes to Health Care
Posted at 11 a.m. on Dec. 27, 2012
Sarah Kliff looks at the biggest elements of President Obama’s health care reform law that will begin to take effect in 2013.
“Employers already take out 7.65 percent of workers’ wages to support the elderly and disabled. Of that, 1.45 percent goes toward paying Medicare’s hospital bills. Obamacare increases the Medicare hospital tax by 0.9 percent, beginning in 2013, for anyone who earns more than $200,000 ($250,000 for joint filers). It also creates a new, 3.8 percent tax on investment income.”
“Starting in 2013, the Affordable Care Act requires insurance companies to send their subscribers a standardized, four-page summary of benefits and coverage that runs through the health plan in easy-to-understand terms.”
“We often talk about January 1, 2014 as the date that states need to be ready for the health reform law. But when you talk to the states actually working to roll out the law, they often talk about October 1, 2013 as a much more significant deadline. That’s the day when the health exchanges open for business.”