I have read this bill... The bill itself, in all actuality, reminds me of when I myself had to take the exam for my Series 6 & 63 licensing. In recent memory, I have heard much criticism on behalf of Republicans in the Senate, a sense that this bill promotes a "socialist agenda for government-runned healthcare". I would like to set the record straight here tonight, THIS IS A HEALTHCARE REFORM BILL. In all actuality, when I went back myself and took to detail the facts stated in the appropriate bill, I found myself reading out of a PASS book (all my brokers know what I mean).
Now that this issue of a National HealthCare Plan is scratched, the au fait incumbent president still has some explaining to do. A lot of criticism is coming from the left, in which Mr. Obama and the current administration have met on the issue of scratching the Public-Option Plan. Yet, is cost REALLY the only effective call on abandoning the Public Option? Many are scratching their heads, but I would like to point to a "cubbyhole" in the Public-Option legislation that will leave the American people at awe...
I am not denying the fact that cost and deficit spending will significantly reduce the chances of getting a Public Option passed through the Senate. On the contrary, it is the exact cost savings that will propel health-insurance reform through the Senate rather than a Public Option in the Congress. However, I allude to the fact(s) stated in Section 113 - Insurance Rating Rules of the Health Reform bill which states: IN GENERAL. - The premium rate charged for an insured qualified health benefits plan may not vary except as follows... (subsections(1)(2)(3)(b)Study-Reports). Executed in Y1 (which stands for year 1 in 2013), there will be an 18 month probation period initiated on the Public Option "experimentation period, toward reform agenda".
None of this makes sense, and quite frankly, I'm having a hard time beginning to understand why is there a fail-provision in place just in case the plan does not even begin to get off the ground? There is an 18-month probation period in effect after 2013, to monitor results of a 2 to 1 expense ratio or "expense reductions" enacted by the so-called affordable public option. I see loopholes everywhere in the legislation, meaning I can once again begin to discriminate against coverage along…
