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Immediate Effects of the Affordable Care Act

by admin on March 24th, 2010

It’s final. President Barrack Obama has signed the Affordable Care Act yesterday. So what does this really mean to people and how will it impact everyone in the near future?

First of all it is important to note that the Affordable Care Act will not be implemented overnight. In fact it is estimated that the comprehensive health care insurance reforms will take more than four years before they are rolled out, with most of the changes having been completed by 2014.

Some of the more immediate changes that will be seen though include:

  • Health insurance tax credits for small business (up to 35% of employers contributions to employee’s health insurance) – Effective the start of this year
  • A $250 Medicare drug rebate for senior citizens – to be implemented this year
  • Federal matching funds to states for covering low-income families under Medicaid – to be implemented this year

That is only the start. However, we can expect to see more changes as the year progresses and the years to come.

From → Government and Health, Health Care Reform

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