Everybody who’s been paying attention to health care reform was eager to see what sort of monstrosity emerged from the Senate Finance Committee. Today, they presented their bill. The New York Times has provided a forum for health care experts to grade the bill. Everyone seems to hate it.
It seems to me that the fundamental problem with the bill is that the health insurance that it mandates that people purchase (and that employers provide in order to get credit for providing health insurance) is very low quality. I don’t know how cheap it will be, but even if you have it, it will still be very easy to go broke because you get sick. That’s a big problem.
Ezra Klein also notices that the bill punishes employers for hiring poor people. This is what conservatives talk about when they warn of unintended consequences.