http://tpmcafe.talkingpointsmemo.com/2009/12/17/what_is_in_the_health_care_bill/The health-care reform legislation pending in Congress would be the largest program on behalf of low- to moderate-income people in the United States since the 1960s. Besides subsidizing coverage, it would create a new mechanism for purchasing insurance that would give greater buying power to people who now purchase policies individually and through small employers. It would eliminate pre-existing condition exclusions. It would enable people to buy policies at the same price regardless of their health (albeit with some allowance for differences in age). It would raise the standards of coverage for millions of people who are underinsured. It would represent a commitment by the federal government to make health insurance affordable to every American. And by making that commitment, the government would effectively commit itself to controlling both public and private health-care costs.
Oh, and by the way, according to the Congressional Budget Office, it would reduce the deficit and, according to the Medicare actuary, it would extend the life of the Medicare trust fund.
The public option has received far more attention than it deserves. The version that was under consideration in the Senate would have--again, according to the CBO--enrolled less than 2 percent of the nation's population, and it would likely have had higher premiums than private insurers. It had no material bearing on the success of this program, and given its initial form it was unlikely to develop into a strong public insurance system.
There are critical differences between the House and Senate bills (and still unresolved questions about the final version of the Senate bill, assuming there will be one). Ideally, the House's stronger regulatory provisions and faster timetable for implementation will prevail over the weaker regulation and slower timetable in the Senate bill. But I have no doubt that this legislation, even with many compromises, is worth supporting.
let the screaming and crying begin!