Sep 24, 2009

Baucus Bill Changes as of Sept 22- new summary

Here's a link to the summary of the Revised Chairman's Mark for Senator Baucus' Finance Committee Bill. Over 500 amendments have been submitted. Those are beyond me to keep up with, but reading the Summary of how Baucus has changed things so far should help us keep track of where we are on the "affordability" issue. And, we should be explaining to people how very de-stabilizing will be the very big range of variation in premiums (by age and region) allowed in this bill. It simply won't work if older (55-64) people can't afford health insurance. The young NEED to subsidize the older to some extent. Furthermore, if Wyden's idea that the health exchanges should gradually replace employer sponsored health insurance, then American industry will be more competitive & the young would have more job opportunities and better wages. Without a reduction in the premium ratios, the whole scheme won't work, and the benefits to the young in the form of jobs won't come about either!

1 comment:

Michael Gluck said...

Hey Judy -- FYI: Senate Finance is currently (Fri 9/25 a.m.) debating the max premium ratio. Kerry has an amendment to reduce it to 2:1 from 4:1 (Baucus's modification to his original 5:1). CSPAN-3