Today's Atlanta Journal Constitution has a great breakdown of the plan, including how much it costs, who it will be paid for and more. The plan plans on covering 95 percent of Americans at a cost of 900 billion over 10 years. The plan will not cover illegal immigrants, and hopes to have the states pick up some of the cost.
For our snippet on this story, we go to the New York Times Blogs, writer By David M. Herszenhorn tells us some of the particulars of the plan.
The House legislation, as well as a Senate framework released by Mr. Baucus, calls for raising the income eligibility threshold for Medicaid to 133 percent of the federal poverty level — a figure that for 2009 translates to about $14,400 for an individual.
A big change is that childless adults under age 65 who are now typically excluded from Medicaid will be eligible. So will many parents who now often face tighter restrictions.
Currently, states must offer Medicaid to pregnant women and to children under age 6 from families with income under 133 percent of the poverty level. States must also offer coverage to children age 6 to 18 from families with income below the poverty line.
And though many states have set higher thresholds for children, typically at more than 200 percent of poverty, many parents of these children do not have coverage. Only 11 states cover parents earning more than 133 percent of poverty.
Experts estimate that roughly one-third of Americans who currently lack insurance earn less than 133 percent of the poverty limit — a group of 10 million people who might join Medicare under the proposed new rules.