How Will Federal Health Care Change $850M in Local Taxes Raised in Florida Health Care Districts?

With all the passage of the new federal health care regulation, what to you presume will happen to the $850 million in taxation raised annually by local taxing districts around Sarasota to support proper attention of the uninsured?

In Palm Beach County, the Health Care District has insurance coverage for the uninsured in Palm Beach front County. Approximately 40 1000 residents are covered of a total population of just one. 3 , 000, 000. bernard haylen

The District’s Coordinated Treatment insurance program picks up where Medicaid leaves off, covering up to 150% of poverty ($16 1, 000 gross annual income for an individual). There are no deductibles or co-pays with this program. The District’s Vita Health shared-cost insurance program covers from 150% to 300% of lower income and the District pays off for two-thirds of the premiums. 

This for the Palm Beach County Wellness Care District is $260 million. They have more than 1, 000 employees and 1, 500 medical professional relationships.

Details:

– $155 million, or 60%, of the total budget is from property tax invoices. The millage rate is 1 ) 14 generators with a maximum possible by law of two. 0 mills.

– forty percent of the budget is from billing (Medicaid, Medicare health insurance, Co-Pays, and Deductibles].

Real estate owners in the Community of Palm Beach presently pay 6. 26% of their property tax charges, or $14, 555, 449, in Fiscal Year 2010 to the County Healthcare District. Those taxes are being used for trauma care, university nurses, 5 pharmacies for the uninsured, Lakeside Clinic (public hospital) in Superbe Glade, the long-term health care Edward J. Healey Therapy and Nursing Center, and insurance for low-income region residents.

The resident of the town are the most significant per capita contributing factors to property taxes in the county.

So the question is, how much will the Town of Palm Beach property fees change due to new federal government health care law? No person knows yet but it will be interesting to see if the Wellness Care District lowers fees or finds other uses for the money.