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The Foundry
Morning Bell: Obama Admits He’s “Not Familiar” With
House Bill
With the public’s trust in his handling of health care tanking (50%-44%
of Americans disapprove), the White House has launched a new phase
of its strategy designed to pass Obamacare: all Obama, all the time. As
part of that effort, Obama hosted a conference call with leftist bloggers
urging them to pressure Congress to pass his health plan as soon as
possible.
During the call, a blogger from Maine said he kept running into an
Investors Business Daily article that claimed Section 102 of the House
health legislation would outlaw private insurance. He asked: “Is this
true? Will people be able to keep their insurance and will insurers be
able to write new policies even though H.R. 3200 is passed?” President
Obama replied: “You know, I have to say that I am not familiar with the
provision you are talking about.” (quote begins at 17:10)
We are familiar with the passage IBD sites, and as we wrote last week,
the House bill does not outright outlaw private individual health
insurance, but it does effectively regulate it out of existence. The House
bill does allow private insurance to be sold, but only “Exchange-
participating health benefits plans.” In order to qualify as an ?Exchange-
participating health benefits plan,? all health insurance plans must
conform to a slew of new regulations, including community rating and
guaranteed issue. These will all send the cost of private individual health
insurance skyrocketing. Furthermore, all these new regulations would
not apply just to individual insurance plans, but to all insurance plans.
So the House bill will also drive up the cost of your existing employer
coverage as well. Until, of course, it becomes so expensive that your
company makes the perfectly economical decision to dump you into the
government plan.
President Obama may not care to study how many people will lose their
current health insurance if his plan becomes law, but like most
Americans, we do. That is why we partnered with the Lewin Group to
study how many Americans would be forced into the government
“option” under the House health plan. Here is what we found:
Quick Hits:
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Morning Bell: Obama Admits He’s “Not Familiar” With House BillEileen F.
Jackson, Clifton Park, NY
Does the House Plan Outlaw Private Insurance?Obama Admits He’s “Not
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