Barack Obama released his health care plan today. At first blush it seems like John Edwards's plan except there's one national health market, individuals are not required to purchase insurance, and catastrophic costs are covered by the government. I'm sure there's more subtle differences but I having trouble picking them out now. It'd be great if an Obama supporter would write up his health care plan like I did a few months ago.
I'd especially like some info on the differences between John Edwards's regional health markets and Obama's national health exchange. Does Obama give individuals the same market power as John Edwards?
Update: And it looks like it gets the big thumbs down. Man I really had hopes for this. But this timidity in the Obama campaign to actually reform the big problems of failed markets in our society is getting to be very frustrating.Update again: Sorry for not including the full plan. It wasn't available when I first wrote this and I thought the 6 page fact sheet was sufficiently detailed that you could get the gist of the plan (I assume that was the intent of the Obama campaign as well). I didn't get much else out of the 15 page plan, but feel free to have at it and fill in the blanks.
Update again again: What do you guys think of this quote by Ezra Klein?
The Obama folks called back to further clarify their position on the Health Insurance Exchange Markets. Larger businesses could, if they chose, put their employees into the exchange market, at which point the employees would be able to pick from the menu of private and public options offered therein. There wouldn't be incentives to do this, but if a company so chose, they could sign up with the exchange market on a risk-adjusted basis (risk-adjusted because you don't just want companies with older, sicker workforces taking advantage of the system). That's significantly better than barring larger companies from using the public options, though somewhat less audacious than the Edwards' plan, which actually encourages companies to switch over to the public option. To make this discussion somewhat more explicit, Obama's plan has a public option, but is not a backdoor approach to single-payer. [emphasis mine]Do you agree with what Ezra is saying? If so, is that a problem for you or do you like Obama's approach?
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