Latest Threads
Latest
Greatest Threads
Greatest
Lobby
Lobby
Journals
Journals
Search
Search
Options
Options
Help
Help
Login
Login
Home » Discuss » Journals » berni_mccoy » Read entry Donate to DU
Advertise Liberally! The Liberal Blog Advertising Network
Advertise on more than 70 progressive blogs!
berni_mccoy's Journal
Posted by berni_mccoy in General Discussion
Wed Nov 11th 2009, 02:46 PM
I'm honestly shocked to see how little some people make claims about this bill who have not taken the time to read it. This bill was clearly designed to do one thing well: Bust the rate control owned by the Insurance Industry. The Insurance Industry has been screwing the people over and this bill will turn the tables on them quite clearly.

Here are some specific parts of the bill that will bust Premium Rates and make them more affordable:

Sec. 102. Medical loss ratio min. 85%, forced rebate of excess.
Sec. 104. Exposure of price gouging by insurers
Sec. 109. No lifetime limits
Sec. 213. Insurance Rating RULES.
Sec. 217. Advance notice of planned rate increases to allow for review/denial of increase
Sec. 343. Maximum premium of Public Insurance Plan (5k / individual / year ; 10k / family / year in highest income bracket) - private plans must compete with this in the Exchange

The bill also ends exemption from anti-trust for the Insurance Industry. They will no longer control the market, competition or premiums. They will be forced to compete with an affordable plan. Rates will be regulated.

Read the details of these Rate Busting Regulations here: http://docs.house.gov/rules/health/111_ahc...
Discuss (15 comments) | Recommend (+4 votes)
Blogroll
DU Journals
Other Blogs
Greatest Threads
The ten most recommended threads posted on the Democratic Underground Discussion Forums in the last 24 hours.
StarStarStarStarStar
What a clusterfuck.
155 recs : By Fading Captain
For Teddy.
112 recs : By jefferson_dem
StarStarStarStar
Obama love thread.
57 recs : By impik
This is blowing my mind
55 recs : By EarlG
Visitor Tools
Use the tools below to keep track of updates to this Journal.
Random Journal
Random Journal
 
Home  |  Discussion Forums  |  Journals  |  Campaigns  |  Links  |  Store  |  Donate
About DU  |  Contact Us  |  Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.