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Covert Comments on Health Care Reform Summary
Covert outlines health care reform provisions including employer reporting thresholds, COBRA based benefit valuation, and a 60 percent minimum coverage requirement for Bronze plans. Highlights include a Medicare tax rise in 2013, a 3.8 percent net investment income tax, and a 2.3 percent device manufacturers excise tax. The plan expands exchanges for small employers after 2014, imposes fines for inadequate coverage, and predicts industry consolidation with fewer insurers and higher post hospitalization coordination.
MENTIONED IN THIS ARTICLE
Covert
At&t
Verizon
Oaklawn Hospital
Congressional Budget Office