Obamacare’s stated “Public Option”
Now we know the reason that the President is pulling out all the stops, as they just posted the National Healthcare bill online:
13 SEC. 225. PROVIDER PARTICIPATION.
14 (a) IN GENERAL.—The Secretary shall establish conditions of participation for health care providers under the public health insurance option.
Why, I thought that there was no public option in this bill? You mean that the President and Democrat leadership lied to us?
what seems even more laughable is another portion of Obamacare, which states this:
It is the sense of the House of Representatives that
15 Members who vote in favor of the establishment of a public, Federal Government run health insurance option, and senior members of the President’s administration, are urged to forgo their right to participate in the Federal Employees Health Benefits Program (FEHBP) and agree to enroll under that public option.
So basically, the people who are voting for a “Public Option” are “urged” to forgo their “Cadillac plan”. Notice they don’t say “compelled”, which we are in having to buy insurance regardless of if we want it or not. Don’t hold your breath on these people signing up.
Another part of the bill seems pretty clear as well:
SEC. 164. REINSURANCE PROGRAM FOR RETIREES.
(1) IN GENERAL.—Not later than 90 days after the date of the enactment of this Act, the Secretary… See More of Health and Human Services shall establish a temporary reinsurance program (in this section referred to as the ‘‘reinsurance program’’) to provide reimbursement to assist participating employment-based plans with the cost of providing health benefits to retirees and to eligible spouses, surviving spouses and dependents of such retirees.
If this what I think it is, it seems to be a reimbursement for some of the massive unfunded healthcare plans for some Govt and Private employee plans. And it seems to be up to a maximum of $90,000 per plan. It seems to me this plan is going to be politically aimed toward certain Unions and companies “run” by the Govt such as GM.
Basically, we are talking about a budget breaking bill that will provide both an expanding public option over time, as well as a “redistribution” of costs from the private sector to unfunded healthcare funds.
Wow. We have to stop this or it will cost us Trillions.