Obama Health Care Plan Explained

There are two parts of Obama's Health Care Plan. One part is for individuals who already have health care insurance and the other is for the non-insured. The comprehensive health plan is supposed to "control rising health care costs, guarantee choice of doctor, and assure high-quality, affordable health care for all Americans." President Obama is attempting to work with Congress to reconcile differences to pass the Health Care Plan prior to year's end.

Fast Facts:

  • If previously covered by insurance, the plan is geared to allow to keep existing coverage and doctor, prevent denial for pre-existing medical conditions, to prevent dropping coverage due to illness, eliminating yearly and lifetime coverage caps, placing caps on out-of-pocket expenses, and initiating required preventative care coverage.
  • If currently uninsured, the plan with offer affordable health care choices, a new insurance marketplace, new tax credits for individuals and/or small businesses, low-cost coverage, and a public health insurance option.
  • Approximately $2 trillion dollars of government funding is spent yearly for health care.
  • In the United States, approximately 46 million individuals do not have health care coverage.