I am running through the draft legislation. There’s lots of typos, and it just ends after introducing a new section, so this is clearly an early draft being floated by the fed. Here’s the full draft.
Insurers lose their rights to privacy in their business records. Our health records will be cross-tabbed to our income-tax returns. Insurers may be forced into unprofitable positions by not being able charge premiums to the demonstrably unhealthy and having to refund premiums to the healthy. Insurers must become “Gateways” with all sorts of requirements. State MUST participate or the fed will do it all for them. Dependent coverage increases to age 26. Assisted living will become the new Medicare.
This is NOT the supplemental plan Obama has discussed – one to just fill in the blanks where the existing industry is not present. This is a wholesale change on every level to the medical-insurance industry.
I really can't tell you whether this plan will work. But I know I am not comfortable with the government being involved to this degree.
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