Our President repeatedly tells us:” If you like your current insurance, you keep that insurance. Period – End of Story”. (1:19) on video. If that is so, how in the helk do you justify Section 102 of HR 3200? Section 102 spells out the end of private insurance in our country (to use our President’s words) Period – End of Story!
Talk about Orwellian. Section 102 is titled: Protecting The Choice To Keep Current Coverage. Subsection (a)(1)(A) clearly states that no new private policies will be underwritten from the moment this law comes into effect. It reads:
…And here comes the death-blow: Subsection (b)(1)(A) clearly states that after five years all remaining private insurance plans must meet government mandated standards – Which is an impossibility because it freezes premiums while mandating unlimited coverage for all sorts of services.(a)(1) LIMITATION ON NEW ENROLLMENT-
(A) IN GENERAL- Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day of Y1.
So, as no new private policies are issued attrition will cull a vast number of citizens into the government plan in the next four years. On the fifth year, all private insurance companies will fold down their tents. The remaining lucky few that held on to private insurance will join the Borg Collective then.(1) GRACE PERIOD-
(A) IN GENERAL- The Commissioner shall establish a grace period whereby, for plan years beginning after the end of the 5-year period beginning with Y1, an employment-based health plan in operation as of the day before the first day of Y1 must meet the same requirements as apply to a qualified health benefits plan under section 101, including the essential benefit package requirement under section 121.
Don’t lie to us, Mr. President. DON’T LIE.