Late last night it was announced that the Democrats reached an abortion deal on the health care bill by a margin of merely a few votes. The health care bill will comply that there will no longer be public funding of abortion in this legislation. President Obama will be signing an executive order to reinforce that there will be no public funding for abortions. Period. Fortunately, exceptions will be made in the case of rape, incest or danger to the life of the mother. On the flip-side, thirty-one more million people will have health insurance, pre-existing injuries will no longer disqualify you for coverage, college kids will now be able to stay on your policy longer (up to age 26) and deficits will be cut by an estimated $138 billion over a decade. For the first time, most Americans would be required to purchase insurance, and face penalties if they refused.
It is important to note that the options offered for covering 32 million uninsured Americans would result in higher insurance costs for those employers that already provide coverage. Some predict that the costs of the new health care overhaul program would discourage companies from hiring more workers and would cause reduced hours and wages for those already employed. As a site for working and return to work moms, this is alarming to say the least.
According to abcnews.go.com
"The Congressional Budget Office
predicts the bill will cost $938 billion and will reduce the federal deficit by $142 billion in the first 10 years, which the president has hailed as the "most significant effort to reduce the deficit since the Balanced Budget Act" of the 1990s. Most Americans would be required to purchase health insurance. Small businesses and the uninsured would have the option of shopping for coverage in health insurance exchanges, a marketplace in which people would be able to shop for and compare insurance plans. Those would be implemented in 2014."
To pay for the changes, you guessed it, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000. A conundrum for those of you who have worked tirelessly and for those who are proud to have entered an income bracket that only a small percentage of Americans subscribe to.br/>
It's been a long time in the making, the health care bill: good for some yet clearly, not so good for others.
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Bradi and Terry
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