According to news reports from anonymous sources, closed meetings resulted in a compromise among moderate and liberal Senate Democrats on a health care reform deal that would drop provisions for a public option.
All is not lost, though. The Senate proposal would expand Medicare to allow uninsured individuals aged 55 or older to "buy in" and pay subsidized premiums.
The compromise would also direct the Office of Personnel Management to administer a national health insurance plan operated by insurance companies. If insurance companies decline to participate, the OPM would be authorized to establish a government run plan. (Sen. Reid refers to this as a public option.)
News reports also say that the proposal would raise the "medical loss ratio" (the amount insurance companies are required to pay out in claims) to 90%.
• AP: Progress in Senate Democratic health care talks
• NYT: Reid Says Deal Resolves the Impasse on the Public Option
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Under the agreement, people
I'd go for buying into Medicare. I just hope they make it a reasonable option. Define "insurable". They should make it so that even people who are "insurable" at a very high cost should be able to buy in to Medicare at an affordable cost.
Great idea
If the expansion goes through, I'll even give pretend credit to all the Republicans who made such a pretend fuss about protecting medicare for the past few months.
This is a much bigger step forward toward a single-payer system than the "public option" ever was or will be.
Not so fast
Mitch Mconnell, Sunday:"Cutting Medicare is not what Americans want."
Mitch Mconnell, Monday: "Expanding Medicare 'a plan for financial ruin."
Do nothing, we get it.
The devil is in the details!
This sounds great - BUT - word is you can only buy in if your income is less than 150% of the poverty level. That works out to a little over $21,000 for a family of 2. http://www.ibrinfo.org/povertylevel_2009.html
What a joke!
Here I sit, with Hepatitis C, hypothyroism, Essential Tremor, and 57 years old, and still won't be able to qualify.
Wrong provision
The 150% of poverty line provision was a proposal to extend MediCAID eligibility from 133% of poverty line to 150%, and I don't think that extension is in the "deal" as it is currently being leaked. The MediCARE buy-in proposal is for anyone aged 55-64 and has no income limitation. However, there is some discussion of whether to provide the same income-based premium subsidies for the Medicare buy-in that will be available to people in the health exchange.
Dumping
As a geezzete, I should be happy to be able to buy medicare in the near future*. But my tinfoil hat tells me that this is a "compromise" to get those of us with increasing health problems out of any private insurance pools. I see the hand of the lobbyists in this. Us near elders are not going to be profitable, especially with a bill that limits our premiums to 2-3X the young folks.
* well I recall the sign in my Drs office - "no new Medicare patients". Welcome to 2nd class citizenhood. Well I guess as a self employed person I should be used to that.