Outrage Erupts After American College Student Slain by Illegal Immigrant
Trump Thrashes Nikki Haley in South Carolina
Why This Death of a Nonbinary Teen in Oklahoma Got the Liberal Media...
Some News Outlets Are Leaving Out a Key Detail in the UGA Student...
LIVE RESULTS: South Carolina GOP Primary
After Two Centuries, Remington Will Soon Be Out of New York
Newsom Says California Is a 'Model' for a 'Safe and Humane Border'
AOC Heckled By Furious Town Hall Attendees: ‘All You Care About Is Illegal...
Here's How One California Politician Responded to the Border Crisis
CISA Knew About Mail-in Voting Risks in 2020, But Continued to Censor Criticism...
GOP: Alabama Ruling Is a Way for Democrats to 'Manipulate the Abortion Issue...
Republicans Demand Biden to Close the Border After Illegal Migrant Kills Innocent 22...
Suspect Charged With Killing Georgia Student Is An Illegal Migrant From Venezuela
'Grid Down, Power Up:' Dennis Quaid Warns About What the U.S. Is Not...
Biden Associate James Galanis: Hunter's Value 'Was His Family Name and His Access...

IBD: Private Coverage Still Not An Option

Following last week's bombshell report from Investor's Business Daily that the House health reform plan would essentially outlaw private medical insurance, IBD has continued pressing forward in its analysis of the Democrat-supported legislation.  Not only did the Ways and Means Committee confirm their interpretation of the law, but
IBD has also confirmed this suspicion with individual members of Congress. 
It was also confirmed by Ways and Means staff director Cybele Bjorklund, who, in response to questions from Republican Rep. Paul Ryan of Wisconsin during a committee markup session, admitted last week that insurance providers 'cannot create new policies outside of that window outside of the exchange.'
The health care "exchange" is something we've all heard President Obama bragging about--a cornerstone of his overhaul plan.  But in examining this idea further, IBD now reports:
...[T]he exchange will not be a private market. It will be a program in which Americans can buy individual plans from private companies in competition with the "public option" provision of the bill that will provide taxpayer-subsidized coverage...

The exchange will be a highly regulated clearinghouse of providers that meet the government's standards. Only those providers that follow Washington's stringent guidelines will be allowed to join this exclusive club.  The government, through an unelected health choices commissioner, will set premiums, dictate benefits, determine deductibles and establish coverage.
In a letter written in objection to IBD's original report, California Rep. Henry Waxman actually confirms IBD's analysis: outside the exchange, providers "can't continue to market" existing "policies to new customers."

Thanks for making that crystal clear for us, Congressman!

Join the conversation as a VIP Member


Trending on Townhall Videos