Life Blog :: Health Care Perspective
Health Care Perspective
It's easy to find flaws in any bill the magnitude of the health care reform legislation just passed in the House. But let's not forget:
The House bill would extend insurance coverage to 36 million uncovered Americans and guarantee that 96 percent of Americans have coverage, according to the nonpartisan Congressional Budget Office.
Among other things, the bill would subsidize insurance for poorer Americans, establish a new government-run public option and create health insurance exchanges to make it easier for small groups and individuals to purchase coverage. It would also cap annual out-of-pocket expenses and prevent insurance companies from denying coverage for pre-existing conditions.
Pelosi's office has said the bill would cut the federal deficit by roughly $30 billion over the next decade. The measure is financed through a combination of a tax surcharge on wealthy Americans and spending constraints in Medicare and Medicaid.
Policies in the exchange won't be able to deny coverage for "preexisting conditions." Far fewer people will go bankrupt or lose their homes when they get sick; hundreds of thousands of people that die every year because they lack health insurance, will live. The rest is details.