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Monday, November 9, 2009

What does the House Health Care Do for Me?

Democrats scored a big win this weekend on health care legislation, bringing an overhaul of the U.S. health care system closer to reality. And while the legislation still needs to work its way through the Senate, the House bill offers a glimpse of what could be in store for Americans next year.

Under the House Democrats' bill, which passed Saturday night, all Americans would be required to have health insurance.

Large companies would have to offer coverage to their employees, and both consumers and companies would be slapped with penalties if they defy the government's mandate.

For low-income Americans, the bill would provide subsidies for buying insurance if they don't receive it through an employer. It would also create a federally regulated insurance exchange where individual Americans could shop for coverage. - ABC News

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