This is bound to do wonders for the economy:
Mr. Baucus would create a nationwide marketplace, a â€œhealth insurance exchange,â€ where people could compare and buy insurance policies. The options would include private insurance policies and a new public plan similar to Medicare. Insurers could no longer deny coverage to people who had been sick. Congress would also limit insurersâ€™ ability to charge higher premiums because of a personâ€™s age or prior illness.
People would have a duty to obtain coverage when affordable options were available to all through employers or through the insurance exchange. This obligation â€œwould be enforced, possibly through the tax system,â€ the plan says.
Enforced through the tax system, eh?Â Well, at least that’s probably constitutional.Â Either way, there’s no word on how they plan to pay for what is bound to be an enormously expensive program.Â To me this is the worst of both worlds.Â There will be no incentive to control health care costs with a system like this, and costs will spiral out of control.