The topic of health care reform has been taking center stage as the Presidential election draws closer and closer. The terms ‘ObamaCare’ and ‘RomneyCare’ have been thrown around all over the media for quite some time. GoHealth has a created a fresh, new infographic that compares and contrasts the components of the two plans.
Passed in 2010, President Obama’s health reform plan, the Patient Protection and Affordable Care Act, strongly resembles Governor Romney’s plan for the state of Massachusetts, which passed in 2006.
While similarities between the two plans are undeniable, the major differences are exposed in the details:
• ObamaCare requires companies with 50 or more full-time employees to provide health insurance coverage, while RomneyCare sets a stricter minimum of 11 full-time employees.
• One of the most talked about goals of ObamaCare is the provision designed to close the Medicare donut hole. Since Medicare is a federal program and not state-run, there is obviously no mention of the donut hole in RomneyCare.
• ObamaCare provides Medicaid to Americans earning less than 133 percent of the federal poverty level, while RomneyCare sets the cap at 150 percent to receive free health insurance.
• ObamaCare requires health insurers to spend 80 to 85 percent of premiums on medical care, while RomneyCare has no requirements for premium expenditures.
Take a look at the full infographic below. Simply click on the image to make it bigger.