While President Barack Obama continues to blast greedy insurance companies, his favored bill would give them up to 30 million new customers a year and $336 billion in subsidies from taxpayers.
The Senate health reform bill, which is the basis for Democrats’ last best chance at comprehensive reform, would give the insurance companies millions of new customers required by law to buy health insurance. It would also require insurers to cover everyone, regardless of age, gender or pre-existing condition.
To help pay for the new insurance requirements the government would give to people money to buy insurance — $336 billion over the next ten years. That money, ultimately, would have to go to… drum roll… insurance companies.”
