The latest Bill that is passed in the US Senate has raised eyebrows high of both the Republicans and the civilians. The Bill emulates the entire Healthcare Insurance Industry across the globe. Some of the amendments made to the Healthcare Insurance sector in the Bill passed are:
- Six months after enactment, insurance companies can no longer deny children coverage based on a preexisting condition.
- Starting in 2014, insurance companies cannot deny coverage to anyone with preexisting conditions.
- Insurance companies must allow children to stay on their parent's insurance plans until 26 years of age.
- In 2014, everyone must purchase health insurance or face a $695 annual fine. There are some exceptions for low-income people.
- Employers with more than 50 employees must provide health insurance or pay a fine of $2000 per worker each year.
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