The Chair of the Senate Finance Committee Max Baucus, a supposed Democrat representing Montana has offered up his version of health care reform. he is viewed as the stumbling block to a public option and he came through for the insurance industry. Bear in mind insurance companies have funded his reelection campaign to the tune of three million dollars, though of course he would tell you no way is he influenced by more money than I will earn in the rest of my working life. Also interesting to note, none of the Republicans on Baucus's critical committee have joined with him in supporting his plan and he has gutted the public health care option to bring Republicans into his supposed "compromise." I tell you this: if the insurance companies don't want a public option it has to be good for we the people. Period. Let me also point this out: no member of the US Congress has ever been denied health insurance through their collective Congressional health insurance scheme for pre-existing health conditions or for rescissions (which are claims by private insurers that people lied on their applications and thus void their policies when they need them the most). How I wish we had FDR at the helm in the White House right now, a man who was reviled far more than President Obama ever has been and who stood up and did what was right. The only trouble is, in a country that doesn't know it's own history no one knows what I mean when I mention FDR, the New Deal or the Great Society.
I found this Associated Press report on Baucus's explanation of his sell out plans on the Huffington Post:
WASHINGTON — Sen. Max Baucus on Wednesday brought out the much-awaited Finance Committee version of an American health-system remake – a landmark $856 billion, 10-year measure that starts a rough ride through Congress without visible Republican backing.
The bill by Baucus, chairman of the Finance Committee, would make major changes to the nation's $2.5 trillion health care system, including requiring all individuals to purchase health care or pay a fine, and language prohibiting insurance company practices like charging more to people with more serious health problems.
"This is a unique moment in history where we can finally reach an objective so many of us have sought for so long," said Baucus, D-Mont. "The Finance Committee has carefully worked through the details of health care reform to ensure this package works for patients, for health care providers and for our economy."
Consumers would be able to shop for and compare insurance plans in a new purchasing exchange. Medicaid would be expanded, and caps would be placed on patients' yearly health care costs. The plan would be paid for with $507 billion in cuts to government health programs and $349 billion in new taxes and fees, including a tax on high-end insurance plans and fees on insurance companies and medical device manufacturers.
But the bill fails to fulfill President Barack Obama's aim of creating a new government-run insurance plan – or option – to compete with the private market. It proposes instead a system of nonprofit member-owned cooperatives, somewhat akin to electric co-ops that exist in many places around the country. That was one of many concessions meant to win over Republicans.
In other ways though, including its overall cost and payment mechanisms, the bill tracks closely with the priorities Obama laid out in his speech to Congress last week.
Baucus is still holding out hope for GOP support when his committee actually votes on the bill, probably as early as next week.