us health overhaul summary 110709
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Key details of House Democrats' health care overhaul legislation
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The House health care bill passed Saturday would:
_Require most Americans to purchase health insurance or pay a fine.
_Expand health care coverage to 36 million more people over the next decade.
_Require employers with payrolls above $500,000 to provide insurance to their employees or pay a fine.
_Prohibit insurance companies from denying coverage because of pre-existing medical conditions.
_End premium disparities between men and women.
_Impose a 5.4 percent income tax surcharge on income above $500,000 annually for individuals and above $1 million annually for households.
_Establish a government-run insurance plan to compete with private insurers beginning in 2013.
_Cost $1.2 trillion over 10 years.
_Cut Medicare spending by more than $400 billion over 10 years.
(This version CORRECTS Corrects to trillion sted billion)
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