Everyone is talking about the approval of the healthcare reform bill and what it means for us (Read here and here). But where is the public option?
“High risk pools” will be created to prevent insurance companies from denying coverage to people with pre-existing conditions, which should address the problem of adverse selection.
It seems that health insurance companies seem to gain the most from this bill because the government is going to require everyone to have health insurance or pay a penalty, unless purchasing health insurance presents a financial hardship or if it goes against your relgious beliefs.
Meanwhile, the teabaggers are still their hateful selves.
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