Still no regulations on cost though...wonder how this will work overall when it comes to paying the mortgage or the bill for insurance coverage? BD
The new healthcare bill passed by the California Assembly Monday is "a big Christmas gift to the insurance industry with Gov. Schwarzenegger playing Santa by doling out public funds to enrich the state's biggest HMOs and insurers," said Rose Ann DeMoro, executive director of the California Nurses Association/National Nurses Association.
Under the new bill, insurers would gain millions of new customers who are either forced to buy insurance under threat of having their wages garnished or a lien on their property - or signed up into private insurance plans through a public pool funded with taxpayer or employer-funded subsidies.
Yet, while receiving hundreds of millions in additional profits, the insurance companies will still be able to deny care and charge as much as they want with no limits on rising premiums, deductibles, or co-pays, DeMoro noted.
Supporters of the bill include seven of the state's biggest insurers: Kaiser Permanente, Health Net, PacifiCare, Blue Shield, Cigna, and Molina Health Care.