From Politco
BREAKING — Reconciliation bill posted
Read the text here.
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–Increases the tax credits for middle-income families who buy insurance.–Reduces the penalty for not buying insurance from $750 to $695. But the bill also requires some people to pay a share of their income as a penalty and that number was raised from 2 percent to 2.5 percent.–It closes the gap in Medicare prescription drug coverage by 2011 and gives seniors who fall into the gap this year a $250 rebate.–It eliminates the Cornhusker Kickback and covers 100 percent of the increased Medicaid costs of all states until 2016 and decreases each year thereafter.–Requires that doctors that care for Medicaid patients be reimbursed at the full rate.–Spends $250 million to fight waste, fraud and abuse.–Delays and blunts the tax on high-end insurance plans in keeping with the deal Democrats struck with the labor unions. However, it does lower the index at which plans will be taxed, making it likely that more plans will be affected over time.
Read the rest.
I first started this at 7:30 this morning, I haven’t had a chance to see what has happened since then.
