Whatever you think of the details of healthcare reform legislation cleared yesterday by the Senate Heath, Education, Labor and Pensions Committee, you have to admit it’s historic. Notes the Los Angeles Times:
The Senate Health Committee, approving major healthcare legislation for the first time in 15 years, put forward a sweeping plan Wednesday to provide nearly every American with insurance regardless of income or medical condition and to create a government program to compete directly with private insurers.
As expected, the bill includes individual health plan reforms like guaranteed issue, community rating and an individual mandate; a public health plan that would compete with private insurers; health insurance exchanges offering plans with standardized benefit designs; and subsidies for people in households earning up to 400% of the poverty line ($88,080 for a family of four).
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