House, Senate health care bills detailed

(Yahoo News) The House of Representatives passed the house bill's legislation on a 220-215 vote Saturday night.

REQUIREMENTS FOR EMPLOYERS: Employers must provide insurance to their employees or pay a penalty of 8 percent of payroll. Companies with payrolls under $500,000 annually are exempt — a change from the original $250,000 level to accommodate concerns of moderate Democrats — and the penalty is phased in for companies with payrolls between $500,000 and $750,000.

Small businesses — those with 10 or fewer workers — get tax credits to help them provide coverage.

[Read Yahoo News - Health Care Bills]
[Read the house bills (PDF)]

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