AFFORDABLE HEALTH CHOICES ACT APPROVED BY TWO KEY HOUSE COMMITTEES
July 20, 2009
Two House committees today approved the Affordable Health Choices Act, a health care reform bill that would expand health insurance to 97 percent of Americans, says Investment News.
The proposed legislation faces criticism, particularly from Republicans who believe the measures are too costly, says the News.
According to John C. Goodman, President, CEO and the Kellye Wright Fellow with the National Center for Policy Analysis, this legislation is going to create a financial and medical nightmare for Americans:
- This bill has all the bad ideas from previous versions, plus a cost of $1 trillion and no long-term solutions that will control costs or improve quality.
- The bill would undercut the private market and force employers either to buying government-approved coverage for their workers or to pay a tax and send them to the public option.
Last week, the Washington-based American Council of Life Insurers criticized the Senate version of the bill, which includes a publicly funded option to help subsidize long term care costs with a minimum daily benefit of $50 after participants pay into the program for at least five years, says the News.
"The false sense of security created by $50 per day of inadequate coverage will cause people who can and should plan ahead for their long term care needs not to take appropriate action," ACLI president and chief executive Frank Keating said in a statement.
Source: Darla Mercado, "Affordable Health Choices Act Approved by Two Key House Committees," Investment News, July 17, 2009.
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