Daily News Updates - Health Insurance News

Assessing Obama’s Divergence From McCain, Pt.8 – Universal health insurance may be required.

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Because the health insurance industry has to balance risk to survive, providing health insurance to only high-risk clients could cause them to ‘lose their shirts’. This is a legitimate concern and will need to be resolved before the industry will submit without a major fight. The health insurance industry is a multi-trillion dollar industry and carries considerable clout.

The health insurance industry does realize, however, that our nation is in a worsening crisis and they are prepared to make some concessions. They have stated that negotiations are possible under the condition that all Americans be required to secure health insurance. This has been an area that is a little more aggressive than Mr. Obama has chosen to tackle. He doesn’t see it as a bad idea, but believes it would divide his vote heavily and doesn’t wish to ask his voters to leap that bridge with him at this time.

Of course, Mr. Obama is well aware of this situation, too, and is confident that further negations can reach a resolve when the time comes. Also relevant here, is the initiative already in development in Congress (of which there are a few). Referred to, in its preliminary stage, as the Wyden Bill, but formally called the Healthy Americans Act, this bi-partisan initiative is designed to contain a basic health insurance/care system structure in wait for the next President to work with.

Democratic Senator Ron Wyden of Oregon explains that the plan is built around a mandate of quasi-universal health insurance.

All working Americans will have health insurance premiums automatically deducted from their federal taxes.

For the lowdown on this initiative, please refer to the article series entitled: “Health Insurance & Capitol Hill".

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