Posted by: Susan Polk | October 14, 2010

Fees & College Programs

Patient Protection and Affordable Care Act – HR 4872 (Amendments) – pages 37-48 – Day 101 – October 13, 2010

–For purposes of the fees imposed on medical device manufacturers, medical devices do not include eyeglasses, contacts, hearing aids, or any device sold directly to consumers for individual use.
–The formula for the tax imposed by the bill on health insurers is revised, with penalties imposed for underpayments.
–An allocation of $500 million per year is made for years 2011-2014, for the community college and career training grant program under the Act.
–$13.5 billion of federal Pell grants are allocated for provisions under the Act.
–$150 million is allocated for the College Access Grant Program for each of years 2010-2014.
–For students with multiple federal loans, there is a provision for consolidation.

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