Posted on 09/16/2009 6:58:17 AM PDT by La Lydia
Chairman’s Mark
The Chairman‘s Mark would establish Federal rating, issue, renewability, and pre-existing condition rules for the individual market. Issuers in the individual market could vary premiums based only on the following characteristics: tobacco use, age, and family composition. Specifically, premiums could vary no more than the ratio specified for each characteristic: Tobacco use – 1.5:1 Age – 5:1 Family composition: o Single – 1:1 o Adult with child – 1.8:1 o Two adults – 2:1 o Family – 3:1
Premiums could also vary among, but not within, rating areas to reflect geographic differences. States would define geographic rating areas. Taking together all permissible risk factors, premiums within a family category could not vary by more than a 7.5:1 composite ratio. Issuers in the individual market would be required to offer coverage on a guaranteed issue basis. Under guaranteed issue, if a plan has a capacity limit and the Secretary determines that the number of individuals who elect that plan would exceed the limit, the issuer would be allowed to limit the number of enrollees according to specified rules. Also, issuers would be required to offer coverage on a guaranteed renewability basis, and rate those policies on the same factors used when initially issuing such policies. Issuers would be prohibited from excluding coverage for pre-existing health conditions and from rescinding health coverage....
Plan Participation. All private insurers in the individual and small group markets that operate nationally, regionally, statewide, or locally must be available in a newly established state exchanges, if the insurers are licensed by a state (that is, a state has determined that the plans meet all the market-reform requirements)....
Funding for Operation of the Exchanges. The state exchanges would receive initial Federal funding but then would be self-sustaining in future years....
Premium Credit. The Chairman‘s Mark would provide a refundable tax credit for eligible individuals and families who purchase health insurance through the state exchanges. The premium tax credit will subsidize the purchase of certain health insurance plans through the state exchanges and will be refundable and payable in advance directly to the insurer. The tax credit would be available for individuals (single or joint filers) with Modified Adjusted Gross Incomes (MAGI) up to 300 percent of the Federal poverty level (FPL). MAGI would be defined as an individual‘s (or couple‘s) adjusted gross income (AGI) without regard to sections 911 (regarding the exclusion from gross income for citizen or residents living abroad), 931 (regarding the exclusion for residents of specified possessions), and 933 (regarding the exclusion for residents of Puerto Rico), plus any tax-exempt interest received during the tax year, plus any income of dependents listed on the return....
I heard that a full 30 hardcore leftist in the House will not vote for a bill that explicitly precludes illegals. Take the 20 somthing Dems with us and this bill is dead! But then again this pipe dream in it’s current form has been dead for about 2 months now.
This is the BIGGEST bunch of CRAP I’ve seen since cleaning out the manure in the barn!
Public Option=Co-opts = Fed takeover of health care.
Performing artist = Prostitute = Bipartisan human trafficking organizer.
See how it works?
Just what we need an over reaching Federal government getting more and more involved in our lives and taxing us more and more to do so. Older Americans are going to be so screwed under this.
This is the product of a government out of control.
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