The following provisions of the Affordable Health Care for America Act take effect beginning January 1, 2011:
- Numerous and extensive changes to the Medicare rules, including payment cuts to providers and facilities.
- Pregnant women receiving Medicaid must not smoke or stop smoking by January 1, 2011, in order to remain Medicaid-eligible.
- Individuals may no longer use flexible spending accounts, health reimbursement accounts, or health savings accounts to pay for over-the-counter medications.
- Penalty for unqualified withdrawals from health savings accounts increases from %10 to %20.
- $2.5b tax (for 2011) on brand-name pharmaceutical companies and importers, based on their relative market shares. Increases to $3b/yr in 2016, $4.2b/yr in 2018, and decreases to $2.8b/yr in 2019.
Businesses that purchase more than $600 in goods in one year from one seller must report the purchases to the IRS and provide the seller with a W-2.Legislatively repealed, Feb. 2011.
Source: Center for Health Transformation [PDF]