Pages 116-118; Section. 221 – Requires the Secretary to establish a government run plan that is supposed to play by the same rules as private plans in the exchange. The bill, however, requires the government to set the benefits of all of the plans, including its own, creating an implicit unlevel playing field by allowing the government to set rules for itself.
Page 120, lines 4-21; Section. 222 – Gives $2 billion and as much money as is needed to pay claims for 90 days from the Treasury to the government plan. While it requires the government run plan to repay the money, it only requires the plan to repay the money over ten years – and without any interest payments. This gives the public plan an enormous capital advantage over private plans.
Answer by Carpy at 7:32 PM on Aug. 14, 2009
Answer by Anonymous at 7:47 PM on Aug. 14, 2009
You know I was going to go through and point out all the inconsistencies between the above interpretation of the bill and the actual bill, but what a major waste of time that would be.
Even the very first thing you posted is misleading. Sec 221 requires the government to set the benefits for all the plans in the health exchange. Private insurers dont have to participate in the exchange.
Believe what you want
Answer by SRiveroC at 8:05 PM on Aug. 14, 2009
Check out some of the top posts today in Groups: