Update: Halfway to Health Reform

Over the weekend, the House passed extensive health care reform that if enacted would radically reshape the American health care system. The final vote was 220-215, with a single Republican supporting the bill’s passage.

That brings us the halfway point of the legislative process. Well, maybe one-third since the final House and Senate bills would have to first be cobbled together before heading to President Obama’s desk.

The House bill does include a public health insurance option that would compete with private insurers as well as equally controversial employer coverage mandates for businesses with payrolls in excess of $500,000. The Senate bills introduced so far do not include employer mandates, and it’s unclear if a bill with such provisions could ever pass the Senate.

The diverse opinions on the public option, employer mandates, abortion funding and the trillion dollar price tag set up a legislative showdown in the Senate, with less than five weeks to pass their version in order to meet an unofficial goal of completing the entire process before the end of the year.

For our clients (and Americans in general), each day’s news brings myriad new questions. What we can do as brokers is continue to remain dialed in to the events on Capital Hill so we can be poised for change and proactive in our approach leading up to any final legislation.

Whether we’re talking about the current system, an insurance marketplace exchange or a public alternative to private carriers, it’s clear there’s going to be plenty for individuals, employees and employers to navigate. Our job is to know what’s available inside and out, help clients sort through choices and ultimately select the best possible coverage based on their status and situation.

The need for that type of help is perhaps the only thing in the world of health insurance that’s not about to change.

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