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Monday, November 02, 2009

Preliminary Analysis of the Affordable Health Care for America Act As Introduced in the House of Representatives on October 29

From the Congressional Budget office Director's blog:
Among other things, H.R. 3962 would establish a mandate for most legal residents of the United States to obtain health insurance; set up insurance “exchanges” through which certain individuals and families could receive federal subsidies to substantially reduce the cost of purchasing that coverage; significantly expand eligibility for Medicaid; substantially reduce the growth of Medicare’s payment rates for most services (relative to the growth rates projected under current law); impose an income tax surcharge on high-income individuals; and make various other changes to the federal tax code, Medicaid, Medicare, and other programs.

Download full pdf report | Link to CBO

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