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Article: INTERNATIONAL: Obama's revolution.
- Article from:
- Employee Benefits
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The US president's proposed reforms could have big consequences for employer-provided medical insurance, says Nicola Sullivan
President Barack Obama won a key victory in achieving universal healthcare reform in the US last month after the Senate's finance committee backed his $829bn healthcare bill by 14 votes to nine.
Under the proposed reforms, insurers would be prohibited from refusing any person cover because of their previous medical history, and prevented from watering down cover for people who are seriously ill.
As the US healthcare reforms stand, uninsured individuals who fail to buy a policy would face a financial penalty of $750 ...