2009-07-01

Healthcare details get better

This just in. A new plan being floated in congress significantly reduces the cost of universal coverage, by providing a public plan and penalizing employers who do not offer their employees insurance.

Both of these provisions are very good.

First, a public plan is needed to assist those who work but are not insured and ineligible for medicaid. Republicans absolutely hate this idea, but have never come up with a better plan. They say that this creates bureaucracy, but that is not true. HMOs are just as bureaucratic, this just reduces the cost by eliminating the overhead (read: profit taking) that comes from the insurers, which does add significant costs.

Second, employers who have more than 25 people working for them will have to pay $750 a year for full time and $375 for part time workers who are not offered health insurance. This will provide billions in funding to the plan.

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