The Obama/Biden health plan’s most substantial components are (1) a commitment to saving “the typical family” up to $2,500 per year in health insurance premiums by making the health care system more efficient, (2) subsidies to ensure that health insurance is affordable, (3) a requirement for employers to buy coverage for their workers or pay a payroll tax (4) a new national health plan that will set a floor for what health insurance can be (5 ) a new mechanism to buy insurance called a “national health insurance exchange” and (6) a mandate that parents obtain health insurance for their children.
There, that’s it in 100 words. Got a different 100 words? Post them in the comments.
My ordering is based on (1) dollars moved around, (2) people moved around and (3) degree of policy change. If I could have a few more words, I would next add the proposal for the government to provide catastrophic health insurance to those in employer health plans. Depending on what’s counted as “catastrophic,” this has the potential to wind up higher in the “most substantial” list. Then comes “expansion of Medicaid and SCHIP.” Expand Medicaid and SCHIP enough and it could move up. Policy novelty? None. It both cases, the lack of detail in the Obama plan makes it anyone’s guess what is truly most substantial.
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