Thanks to Jeremy Binckes and Nick Wing for posting this short summary of “what is in the health care bill”? How will the newly approved health care bill affects you? The Huffington Post has compiled a list of the top 18 immediate effects of the health care bill as well as some that will take effect in the first year of implementation.

1. An End To Pre-Existing Conditions – Health Insurers cannot deny children health insurance because of pre-existing conditions. A ban on the discrimination in adults will take effect in 2014.

2. Small Business Tax Credits – Businesses with fewer than 50 employees will get tax credits covering up to 50% of employee premiums.

3. Seniors Get ‘Donut Hole’ Rebate – Seniors will get a rebate to fill the so-called “donut hole” in Medicare drug coverage, which severely limits prescription medication coverage expenditures over $2,700. As of next year, 50 percent of the donut hole will be filled.