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  • Obamacare Implementation Timeline

    Obamacare has not even been the law of the land for one week and already major Fortune 500 companies are announcing hundreds of millions, and even billion, dollar hits to their bottom line. Heritage’s health care team has gone through the legislation and produced the following timeline (pdf) of major policy implementation. Highlights from each year include:

    2010: Establishes a requirement to provide coverage for non-dependent children up to age 26 to all existing health insurance plans starting six months after enactment.

    2011: Increases the additional tax for Health Savings Account withdrawals prior to age 65 that are not used for qualified medical expenses from 10% to 20%.

    2012: Reduces the benchmark payment for Medicare Advantage plans that cover 20% of all seniors.

    2013: Imposes a 2.3% excise tax on all medical device manufacturers.

    2014: All individuals must buy a government approved health insurance policy or face IRS tax penalties of up to $2,250 per family.

    2017: States may allow businesses with more than 100 employees to buy insurance on their exchange.

    2018: Imposes 40% tax on high cost health insurance plans.

    Posted in Obamacare [slideshow_deploy]

    10 Responses to Obamacare Implementation Timeline

    1. Billie says:

      Empower the people! Empower the parents! Empower free enterprise! GET GOVERNMENT AND CORRUPTION OUT! AMERICANS CAN DO IT FOR THEMSELVES!

      FREE PEOPLE & ENTERPRISE, WHERE ACCOUNTABILITY IS HELD. FORCED, DICTATED GOVERNMENT, WHERE ACCOUNTABILITY IS NONE!

    2. Todd says:

      Basically this means more taxes and more bureaucrats which will in-turn cost more tax dollars down the road to pay their salaries and run their bloated agency budgets. In a decade from now we’ll be saying why does this agency exist and why doesn’t it work? The answer will not matter because the new bureaucracy will be …a part of the new American welfare state. The few dwindling freedoms we have left will cease to exist as big brother government will be there to tell you what to do as your rights will be a thing of the past. Enjoy what little of your paychecks and freedoms you have left after all that’s the “CHANGE”(ed) America people voted for. Democracy is wonderful don’t vote it out!

    3. Pingback: Must Know Headlines 3.30.2010 — ExposeTheMedia.com

    4. Buddy, Pittsburgh says:

      So what is the alternative, then, to improving health care? Deregulate the insurance industry because they "CAN DO IT FOR THEMSELVES!"? How does that get every child in America covered? Doesn't deregulating insurance kinda seem like foxes guarding the chicken coop?

      People who have a problem with this LAW are the wealthy who don't want contribute anything to the well being of the less fortunate, or those that are duped by the same people. I'm looking at YOU, FOX "news", if, indeed you are a news station. Which is it? News or commentary? Please stop defiling the population with your hate and fear-mongering.

      And what is wrong with raising the tax on withdrawals from HEALTH savings accounts that are not used for HEALTH expenses? If you don't want to pay that, stop ABUSING the system and get a REGULAR savings account, or an IRA, CD, or other financial product.

      And THIS quote is simply a lie: "2010: Establishes a requirement to provide coverage for non-dependent children up to age 26 to all existing health insurance plans starting six months after enactment."

      All non-dependents, huh? So I, even though I have no dependents, will be REQUIRED to add a NON-DEPENDENT child less than 26 years old to my policy? Sure.

      YOU LOST! Deal with it.

    5. Lee S. in NC says:

      Buddy in Pittsburgh,

      Your arrogance is only surpassed by your cluelessness.

      "And THIS quote is simply a lie: “2010: Establishes a requirement to provide coverage for non-dependent children up to age 26 to all existing health insurance plans starting six months after enactment.”

      All non-dependents, huh? So I, even though I have no dependents, will be REQUIRED to add a NON-DEPENDENT child less than 26 years old to my policy? Sure."

      Not any non dependent children, your own dependent children that stop becoming your dependent at 18 years old, unless allowed within the tax code to remain your dependent (handicapped, in college, etc…).

      It's the creators and supporters of this healthcare fiasco who are doing the lying. They can't tell the truth about it, because they know the American people hate this thing with what little information they have on it now. Imagine how much they will hate it when they find aobut more about it.

    6. Bill, Apple Valley, says:

      "People who have a problem with this LAW are the wealthy who don’t want contribute anything to the well being of the less fortunate…"

      Aren't the wealthy the one's who create jobs, pay the majority of taxes and contribute large sums to charities, such as hospitals? And I am by no means wealthy…

      • Kathy Sexton says:

        The wealthy do not create jobs…a demand for products creates jobs..and based on a percentage, the wealthy pay less than the average american…much less (check out Romney's recent tax returns)…and large corporations pay no tax at all…but receive subsidies from your pocket…What planet are you from?

    7. Tom, Largo FL says:

      I heard that there is a timeline that shows, in detail, the implementation of the nitty gritty aspects of the healthcare bill. ie, medicare cuts that will occur in the out years to achieve the 500Billion$ "savings". What services will be cut and when, etc. Does anybody outthere know the website? I want to read and become educated. Thanks, T/L of FL.

    8. Phil, Lansing MI says:

      Conn – I'm a conservative but may not be a math wiz………please explain the 2018 provision………doesn't look like 40% to me.

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