Tuesday, December 15, 2009

Health Insurance Company Bailout

1. A Legal Mandate upon every American buy insurance from private companies, at whatsoever price the supplier decides, without the choice of a public option;
2. Higher (even first-time) taxes on middle class health care plans--e.g., unions-- and a free ride for the wealthy;
3. Higher insurance premiums, which will INCREASE in cost by about/at least $1000 a year;
4. Increased O-o-P (out of pocket) health care costs in higher deductibles and co-pays;
5. Insurance companies will continue to be exempt from anti-trust laws, inhibiting competition;
6. A sweet, sweet deal for PhRMA preserving them from being required to negotiate prices for Medicare drug users;
7. Monopolies granted on new biologic drugs so they will never become generics
8. NO medicare expansion
9. Despite explicit declarations to the contrary, there will be annual limit on benefits that insurance companies have to pay out, and
10. And to top it all off, the IRS fines you if you won't shell out money to insurance companies!

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