Those curious about what is in the proposed health care legislation and how it might affect them will enjoy reading an article posted online by Money Magazine "What health reform means for you," by Jeanne Sahadi 7/21.
Remember that Money is no liberal rag. It is fairly even-keeled and conservative enough that John McCain bought (or borrowed) their mailing list during the presidential campaign. I know this because we received mail from him with the same typo in the address that our Money magazine address label has.
The article is, necessarily, brief but will dispel several misconceptions about what will happen under the plan being prepared. If you currently have insurance through your job, you will not lose it. Only the very wealthy would pay any surcharge:
The House bill calls for a surtax on high-income earners -- starting at $280,000 for singles and $350,000 for married couples. The surtax would run as high as 5.4% on income over $1 million.
But on Monday, House Speaker Nancy Pelosi let it be known that she may push to increase those thresholds so the surtax would only affect individuals making at least $500,000 and couples making $1 million or more.
None of the people I come into contact with on a daily basis earn anywhere near that much money.
It's a short, informative article. Well worth a read.
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