Of Consuming Interest - 11/20/09
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Robert E. Moffitt Ph.D. of the American Enterprise Institute discusses the complexities of Healthcare reform in Congress. A Healthcare Bill passed the House in a close vote. Senator Reid has added provisions of other Bills to create a 2,074 page Bill which is currently before the Senate. If the Reid Bill or a version of it passes the Senate, there will need to be a conference to reconcile the two Bills to make them into a Law. Both House and Senate Bills have employer and individual mandates. The Reid Bill includes a public plan through State based Health insurance exchanges. In the House Bill a public health plan will compete against a private health plan. The community health option will be geographically adjusted. And the rates for hospitals and doctors will be negotiated. There is the estimate that older and sicker enrollees may choose the public plan which would make the rates higher. The enrollment projected for this plan is 3-4 million Americans. The Senate Bill has a different public plan option.
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