Affordable Health Care for America Act

• Date: May 16, 2011
• Source: http://docs.house.gov

The Affordable Health Care for America Act was introduced in the U.S. House of Representatives on October 29, 2009. The following summary of H.R. 3962 describes key components of this health reform legislation focusing on provisions to expand health coverage, control health care costs, and improve the health care delivery system. This summary will be updated to reflect changes made during the legislative process. It requires individuals to have health insurance. Create a Health Insurance Exchange through which individuals and smaller employers can purchase health coverage, with premium and cost-sharing credits available to individuals/families with incomes up to 400% of the federal poverty level (or $73,240 or a family of three in 2009). Require employers to provide coverage to employees or pay into a Health Insurance Exchange Trust Fund, with exceptions for certain small employers, and provide certain small employers a credit to offset the costs of providing coverage. Impose new regulations on plans participating in the Exchange and in the small group insurance market.

Click here to download the file