Senate Democratic leader Harry Reid revealed his highly anticipated version of legislation to restructure the national health care system Wednesday evening. The remodeling is designed to a designed to extend coverage to all eligible Americans and prevent private industry from denying refusing customers as a result of preexisting medical conditions.
Reid called the unveiling “the last leg of the journey” toward universal health care. The measure would necessitate most Americans to have health insurance and operate to generate hundreds of billions of dollars in subsidies to assist in affordability for lower-income persons. Additionally, it would demand large companies to provide insurance for their employees.
New insurance marketplaces or exchanges would be put in place for individuals with health problems that have been denied or dropped from their coverage before. Consumer would have the option of pursuing a government insurance plan or continuing to enroll with their private insurer. In order to remain competitive private insurers would have to offer a plan competitive to the not-for-profit offerings of the government.
A Senate floor meeting on the matter is expected later this week, sure to incite debate with Republican members who oppose the plan for its deviation from traditional capitalistic ideas.
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