Better And Better
by digby
Before they left Washington for the August recess, the Finance group, known as the “Gang of Six,” had crafted the outlines of a package that trimmed more than $100 billion from the House price tag and jettisoned a government-run insurance option, which has become a rallying cry for many liberals but is opposed by Republicans. The senators also were looking to provide insurance subsidies to a smaller, less affluent group than the House bill would.
After meeting via teleconference for more than an hour late Thursday, the Senate group is now looking to go further. They support a requirement that all individuals carry health insurance, but they are considering creating a bare-bones insurance policy that would be easier for people to afford without government help. They are also talking about further reducing the number of people eligible for subsidies, said an aide familiar with the talks.
Awesome, awesome plan. If we could just get rid of all subsidies and consumer protections, it would be perfect. All that would be left is the mandate.
Buy insurance stock.
Update: Robert Reich asks the perennial question — and answers it correctly.
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