Baucus Releases His Plan

Senator Max Baucus has released his health care plan one day ahead of President Obama’s speech to a joint session of Congress. His version of a $900 billion plan will include a series of cooperatives in place of a public option. It also features “exchanges” where people can purchase insurance policies, rather like the existing federal employees health plan. Kaiser Health News reports:

The so-called “framework” would establish health insurance exchanges in 2010, require health plans to report the amount of money they spend on items other than health care and require insurers to cover pre-existing medical conditions, according to documents obtained today by Kaiser Health News.

Baucus is proposing tax credits to help individuals who earn up to 300 percent of the federal poverty level, or $66,000 for a family of four, to purchase health care coverage. In addition, individuals who earn between 300 percent and 400 percent of the federal poverty level would be eligible for a premium credit as a flat percent of income.

3 responses to “Baucus Releases His Plan

  1. Just out of curiosity, why did you not include the worst part of the Baucus proposal – age rating of 5:1. His tax credits are lower than those in other bills from the House while allow age rating of 2:1.

  2. I do not trust anything that Max Baucus proposes. I think you should have reminded everyone of one of his earlier proposals:

    http://www.humanevents.com

    Union Members Exempt from New Health Benefits Tax

    by Jed Babbin (more by this author)
    Posted 06/22/2009 ET

    Union members and their families who receive healthcare benefits paid for by their employers would be exempted from a new tax on healthcare under one option being proposed by Sen. Max Baucus (D-Mt), according to a report by the Fox Business Channel’s Peter Barnes.

    Baucus’s plan would tax health care benefits to raise from $161.9 billion to $418 billion over ten years to fund the nationalized “government provider” of health care benefits President Obama and Democrats want. Peter Barnes told me, “There would be preferential treatment for unions” under one version of the Baucus proposal.

    As shown on page 3 of the Baucus outline published by Fox News under two of Baucus’ four options, healthcare benefits provided under collective bargaining agreements dated on or before January 1, 2013 would be exempt from the tax.

  3. A self employed, or self-insured couple over 55 years old would five times the base rate. My God how much would that be!!! If a single person were required to pay $500 a month, that would be $6,000 a month, over $70K per year for an “older” couple. Say by some miracle the base for the “silver plan” is half that amount, an older couple would still have to pay $30+K a year, before co-pays, and non-covered medical cost. Why not just let retired folks into this age group buy into Medicare? Better giving them a waiver to the penalty, and just making them go uninsured, because the cost of food and and keeping your house comes first.

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