Financing

The cost is estimated at $1.042 trillion over 10 years. Half the cost is financed through saving from Medicare and Medicaid. The remaining costs are supplemented through a surcharge imposed on families that make more than $350,000 a year and individuals that make more than $280,000 a year. This is a 1% surcharge for families between $350,000-$500,000, 1.5% for families making $500,000-$1,000,000, and 5.4% for families making >$1,000,000 a year. The surcharges are can be adjusted if savings are more than expected.

Remington Stickney

Information cited from:
Kaiser Family Foundation (October 15, 2009). Health Care Reform Proposals. Retrieved from http://www.kff.org/healthreform/upload/healthreform_tri_full.pdf.