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...What kind of subsidies would the government offer to low-income Americans and small businesses to help them buy insurance? Starting in 2013, the Federal Government would offer a refundable tax credit to low- and middle-income individuals and families who purchase certain policies through the state exchanges. The credit would be available to individuals and families who earn up to 300% of the federal poverty level, which for a family of four would be about $66,000 in 2009. It would be provided on a sliding scale, with the level of credit "based on the percentage of income...

Author: /time Magazine | Title: The Baucus Health Bill: A Primer on What's in It | 9/16/2009 | See Source »

...Qualifying small businesses that offer their employees health insurance would be eligible for a tax credit to offset their contribution to the costs of the policies. An employer with up to 25 full-time employees whose average annual wages are no more than $40,000 would have access to some part of the credit, though only companies with no more than 10 employees who earn an average of less than $20,000 a year would be eligible for the full credit. In 2011 and 2012, the full credit would be up to 35% of a small business's contribution...

Author: /time Magazine | Title: The Baucus Health Bill: A Primer on What's in It | 9/16/2009 | See Source »

...would be able to choose from at least one plan that covers abortions beyond those in the case of rape, incest or to save the life of the mother (the exceptions that Medicaid and other federal programs currently allow) and one that doesn't. Those private plans that do offer the services would have to segregate funds internally to make sure that only individual premiums, and not federal subsidies, pay for actual abortion services...

Author: /time Magazine | Title: The Baucus Health Bill: A Primer on What's in It | 9/16/2009 | See Source »

Educational institutions currently have two ways to offer federal loans to students. In the Federal Family Education Loan (FFEL, pronounced "fell") program, the government pays subsidies to banks and lenders to dole out money to borrowers and reimburses companies up to 97% of the cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress...

Author: /time Magazine | Title: Obama's Student-Loan Plan: A 'Good' Takeover? | 9/16/2009 | See Source »

...export of other products, from multicolored potatoes to pisco, a local brandy. "Mexico got jalapeños and tequila on shelves in stores in the United States, with food leading the way," he says. "Peruvian food is the tip of the iceberg for everything we have to offer...

Author: /time Magazine | Title: Peru's Plans for Global (Foodie) Conquest | 9/16/2009 | See Source »

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