Saturday, Nov. 7, 2009

Key details of Democrats' health overhaul bill

(AP) - The House health care bill passed Saturday would:

-Require most Americans to purchase health insurance or pay a fine.

-Expand health care coverage to 36 million more people over the next decade.

-Require employers with payrolls above $500,000 to provide insurance to their employees or pay a fine.

-Prohibit insurance companies from denying coverage because of pre-existing medical conditions.

-End premium disparities between men and women.

-Impose a 5.4 percent income tax surcharge on income above $500,000 annually for individuals and above $1 million annually for households.

-Establish a government-run insurance plan to compete with private insurers beginning in 2013.

-Cost $1.2 trillion over 10 years.

-Cut Medicare spending by more than $400 billion over 10 years.

(This version CORRECTS Corrects to trillion sted billion)

2009-11-08     04:56:10 GMT

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