Darcy Burner: The Senate bill is a recipe for national disaster. If it’s that bill or nothing, I prefer nothing.
by Joe Sudbay (DC) on 12/15/2009 08:10:00 AM
The fundamental failing of the newest Senate proposal is that it requires individuals to purchase health insurance, but does nothing to rein in what insurance companies charge. There is nothing to stop spiraling health costs from eating up an ever-increasing percentage of our national productivity. Democratic leaders are going to have to explain how forcing a mandate on people to buy private health insurance, without controlling the insurance industry, makes sense. That concept might appeal to Joe Lieberman, but it doesn’t sit well with everyone else.
The fire this time
By: TBogg Monday December 14, 2009 10:28 pm
If Rahm Emmanuel is all he was supposed to be, we can safely assume that the Obama White House either never gave a shit about health care reform, or they managed health care reform so horrifically and incompetently that they are now willing to settle for a “win”, no matter how meager.
I hope they enjoy their Pyrrhic victory because they just burned the base.
Where We’re At On The Lieberman Health Care Industry Profit Protection Act Of 2009
By: David Dayen Tuesday December 15, 2009 5:00 am
Another major addition in the mystery “deal” on the public option, the extension of the medical loss ratio to 90% (meaning that insurance companies would have to spend at least 90% of premiums on medical care), took a major hit from the CBO, and an ideological one at that. Doug Elmendorf basically said that such a medical loss ratio would make the private insurance industry into a government entity, “so that all payments related to health insurance policies should be recorded as cash flows in the federal budget.” This would make the health care bill cost several trillion dollars in CBO’s eyes despite the fact that nothing would have materially changed, and so this arbitrary decision basically killed the medical loss ratio, at least at 90% (it’s unclear what the magic MLR number is that turns the private insurance market into a government entity; Elmendorf didn’t explain it, just saying that it was somewhere between 85% and 90%).
One question for those who argued that liberals could easily bargain away the public option for something really valuable and good – how does “nothing” sound to you?