By one estimate, Sen. Max Baucus gets about $1,500 a day from the health industry. Who put this man in charge of health care reform? The senator’s latest innovation in compromise is to slash proposed insurance subsidies in a bid to get Republicans on board. And forget about a government-run insurance program.
Did the American people really fill the White House and both chambers of Congress with Democrats in order to placate Republicans?
AP via Yahoo:
According to a 10-page outline that described the proposal, federal subsidies would be available to help families up to 300 percent of poverty, or $66,000, purchase insurance. An earlier proposal set the level at 400 percent of poverty, or $88,000.
At the same time, the new outline could require higher out of pocket costs from individuals because companies would be permitted to offer policies that cover less of an insured’s anticipated medical costs than was earlier proposed.
Many Democrats want the government to be able to offer insurance in competition with the private industry, a provision they say would hold down costs. But most Republicans are opposed.
The outline presented at meeting with Republicans left the matter open, but suggested creation of nonprofit co-ops to offer insurance, rather than the government. The co-ops could accept federal loans for startup operations, but would have to repay the money.