Oh. Look at this! I actually knew what I was talking about, even though I didn't know I knew. Deep in the AP piece is this:
Insurers say that combination would drive many of them out of business since the public plan would be able to offer lower premiums to virtually all Americans.
Small businesses - those with annual payrolls of under $250,000 - are exempt from the requirement to provide health insurance or pay the 8% fee. But they will have a hard time keeping employees if they don't offer health insurance, so they will ultimately get sucked into the system as well.
But, before you go out and start trying to get healthy by eating better and exercising more, consider this from the LA Times:
Foreshadowing the expected legislative battles ahead, Sen. Jeff Bingaman (D-N.M.), who has been working on a more moderate version, said, "I don't think it's going to go anywhere in the Senate."
Whew! I feel better already.
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