In order to curve the rising number of Yggdrasilians from all countries without Health insurance and with the rising costs of
medical consultations, procedures, medication and insurance premium, Proposition #1540 will hereby enact a major reform of all countries healthcare in order to better situate and accommodate Yggdrasil's many citizens.
Yggdrasil Affordable Health Care Act plan reforms the way we buy health insurance requiring that all Yggdrasilians, purchase a private health care plan or pay a 1% - 2.5% tax. Yggdrasilians who cannot afford health insurance will qualify for Yggdrasil Affordable Health Care Act or get assistance in the form of tax credits, tax breaks or assistance with up-front costs on the Yggdrasil Insurance Exchanges (YIX)
Title 1- Quality Healthcare for all Yggdrasilians.
In order to help curve the rising uninsurance rate, Yggdrasil as a whole, will create a government run insurance agency to be added to the public sector. As an alternative to the insurance agency that are already in the countries individual private sector.
A. The created public insurance agency shall be named Yggdrasil Medical Care (YMC).
B. The YMC shall be headed by the Chancellor of Yggdrasil, who in the case an emergency comes up will be able to enact new rules and regulations not presented in Proposition #1540.
Herby creates Yggdrasil Insurance Exchange (YIX) as Yggdrasil public sector entity that will regulate any stock shares traded for any publicly or privately traded stocks for any industry that deals with insurance.
Herby establishes Yggdrasil's Children's Health Insurance Program (YCHIP), which allows children under the age of 13 to be fully covered by the state, rather than any policy held by their Parents/Guardians.
Allows that any citizen within Yggdrasil to have the option to publicly provided healthcare no matter age, race, sexual orientation, or mental capabilities.
Let dependants below the age of 30 have the option to stay on their parent or guardian’s health care plan.
Let it be that, every Yggdrasilians resident who earns 400% over the poverty level must purchase health insurance or face a $695 annual fine.
Allows for the Unemployed and self-employed to be able to be able to purchase insurance through state based exchanges and subsidies available to individual families with income between 133% and 350 % of the poverty rate(for their country)
Herby declares that it is illegal for any insurance company to turn away a person due to a per-exsiting condition.
Also declares it's illegal for insurers to discriminate against or charging higher rates for any individual based on gender or pre-existing medical conditions.
Insurers are prohibited from establishing annual spending caps.
Individuals who are not covered by an acceptable insurance policy will be charged an annual penalty of $95, or up to 1% of income over the filing minimum, whichever is greater; this will rise to a minimum of $695 ($2,085 for families),or 2.5% of income over the filing minimum, by 5/12/2014.
Exemptions to the mandatory coverage provision and penalty are permitted for religious reasons, members of health care sharing ministries, or for those for whom the least expensive policy would exceed 8% of their income.
States are allowed to shift children eligible for care under the Children's Health Insurance Program to health care plans sold on their exchanges, as long as YMC approves.
States are permitted to form health care choice compacts and allows insurers to sell policies in any state participating in the compact.
The threshold for itemizing medical expenses increases from 7.5% of income to 10% for seniors. Title 2
To Be Written