Sunday, March 21, 2010

Americans Win!!!

This is a great and historic day for America! While the Senate health care reform bill has its flaws, it also has great "bones." By that, I mean it has a great structure that will serve America for many decades. It will:
  • set minimal standards for health insurance
    • guarantee coverage
    • eliminate recision
  • create health insurance marketplaces where consumers can easily compare and contrast plans from different insurers
  • help those with low- and middle-incomes purchase health insurance
    • provide tax subsidies that to people with incomes less than 400% of FPL
    • limit out-of-pocket costs for people with incomes less than 400% of FPL
  • help small businesses provide health insurance to their employees
  • start controlling health care costs
    • eliminate overpayments for Medicare Advantage plans
    • establish a strong Independent Medicare Advisory Panel to recommend cost saving measures
    • test potential cost-saving changes such as bundled payments
I don't think that Jonathan Chaitt is too far off when her writes that, "[h]istorians will see this health care bill as a masterfully crafted piece of legislation."

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