LUBBOCK, TX (KCBD) - A vote in the house is expected Sunday, that's just days before congressional democrats have released a final version of President Barack Obama's health care bill.
According to the Congressional Budget Office, it will cost $940 billion over the course of 10 years. The bill states there is an insurance mandate requiring nearly every person to be covered. You could be fined for not having insurance, low income people will be excluded.
In the text of the bill, some changes are in store for Medicaid. The insurance program will be increased to not just cover the poor, but anyone that falls into the category with incomes up to 133 percent of the federal poverty level. To put that in perspective people who make just under $30,000 a year for a family of four, would be included.
Some insurance changes would be on their way. Companies would not be allowed to put lifetime dollar limits on policies or from denying coverage to children because of pre-existing medical problems. Parents would also be able to keep their children up 26 years of age on their policies.
If and when the plan goes into full effect 95% of Americans would be covered. As it stands now, only 85 percent of the country has health insurance.
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