“If you don’t have health insurance, or are a small business looking to cover your employees, you’ll be able to choose a quality, affordable health plan through a health insurance exchange – a marketplace that promotes choice and competition Finally, no insurance company will be allowed to deny you coverage because of a pre-existing medical condition.”
This is directly from the transcript. The complete transcript can be found at: http://www.npr.org/templates/story/story.php?storyId=106905354
The operative words here are “Health Insurance Exchange”.
(This quote came toward the beginning of the press conference when he was outlining what congress has agreed upon. All that’s left will be the structuring of that insurance exchange. To get a preview of what the battles of the structuring will be, click on the link at the bottom of this post.)
So, there’s a reason why, the talking heads today are wondering, Obama has stopped saying the actual words “public option” as of today. The reason is, apparently, because our “public option” is going to be private insurance!…. with government subsidies for those that qualify.
A “uniquely American solution”? Yes. Insane? Yes.
—An insurance exchange (which is what Obama said we’ll be getting) is where the private insurance companies get together and offer a variety of policies obtainable through the government (with the government setting some standards of cost and who they have to cover). What happens there is that, if you choose to go with this government option, the government vets your income and decides what you will pay per month and gives you a choice of private insurance policies to choose from depending on what “tier” of coverage you qualify for. The money you pay goes directly to the private insurance companies and the rest of what they charge for that policy is paid to them by the government (if you qualify for an insurance subsidy). This is the worst possible choice that could have been made. Now the insurance companies not only get tons of new customers but they also get taxpayer money on top of it. Which, to me, means that everyone will be paying them twice.
I have NO IDEA how Obama can say, with a straight face no less, that this is a public option that will give insurance companies competition. So for those of you with any spare money, feel secure in buying that Aetna stock!
Here is a link to more information on the insurance exchange and what would need to be done to make it even remotely functional.
http://www.centeronbudget.org/cms/index.cfm?fa=view&id=2785
BlueBroward.org
It was a great event, Representative Dwight Bullard was in attendance and spoke highly of the candidate. He mentioned how the slogan “One of Us, Representing Us” fits him so well. The President of the Latin American Council Carlos Augusto Cabrera was in attendance also. Carlos spoke highly of Johnny and seemed quite happy with him.