But look at this insurance limit proposal.
|President Barack Obama will propose giving federal authorities the power to limit rate hikes by health insurance companies -- part of a new health care overhaul plan he will unveil Monday in a last-ditch bid to salvage his signature issue.|
The proposal would give the federal Health and Human Services Department -- in conjunction with state authorities -- the power to deny egregious premium increases, roll them back, or demand rebates for consumers, said a White House official, speaking on condition of anonymity because details have not yet been officially released.
Recent premium hikes of as much as 39 percent sought by Anthem Blue Cross in California have given Obama a new argument for his sweeping health care remake, stalled in Congress since Democrats lost their 60th Senate seat in a special election last month in Massachusetts.
Anthem is raising rates to cover an ever decreasing pool of customers, that is how business works especially in insurance. Obama's solution is not find ways to cut costs in the industry but force Americans to take out health insurance and cover those who can't afford it under his plan. How the hell is that going to make costs go down? It doesn't because the endgame here is to make government the biggest provider of health care.
The proposal for tighter oversight of insurers, modeled on legislation proposed by Sen. Dianne Feinstein, D-Calif., will be part of a sweeping overhaul plan which the White House plans to post on its Web site at 10 a.m. Monday, ahead of a health care summit with congressional leaders of both parties on Thursday.
The broader plan, likely to be opposed by the GOP, is expected to require most Americans to carry health insurance coverage, with federal subsidies to help many afford the premiums. Hewing close to a stalled Senate bill, it would bar insurance companies from denying coverage to people with medical problems or charging them more. The expected price tag is around $1 trillion over 10 years.
.....Under the Obama plan, regulators would create a competitive marketplace for small businesses and people buying their own coverage. The plan would be paid for with a mix of Medicare cuts and tax increases. It would also strip out special Medicaid deals for certain states, while moving to close the Medicare prescription coverage gap and making newly available coverage for working families more affordable.
Obamacare lives and I expect his plan to be torn apart as the government takeover plot that is by around 10:15 AM.