what obama wants

During last night’s speech, President Obama finally proposed a few concrete ideas for health care reform:

-Insurance companies could no longer exclude certain individuals from obtaining coverage; lifetime maximums would become illegal.

-Small businesses and other uninsured individuals could obtain insurance at reasonable cost through co-ops or exchanges.

-Individuals would be required to obtain health insurance or face a penalty. Businesses would be required to provide insurance for employees or pay a fee.

-A public insurance option could be used to spur competition in markets dominated by a few insurers, but is not a requirement for the final bill.

-There would be a cap on health care spending. Excessive spending would trigger automatic Medicare cuts.

-The $900 billion price tag would be paid for by savings gleaned from reducing waste in the current health care system. The final bill would be deficit neutral.

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