MN Daily -- Medical manufacturers helped get us into the health care mess, but will benefit from reform. Yesterday, House leaders unveiled their final health care plan, which would provide coverage to 36 million uninsured Americans, prevent insurance companies from dropping coverage or screening for pre-existing conditions, and — importantly for students — allow children to remain on parents’ insurance plans through age 26. Highly-monopolized insurance companies would face competition from a self-funded public option that negotiates prices directly with providers. Overall, the plan would cost about $1 trillion over the next ten years, an amount which is fully paid for with reduced Medicare cost growth, additional taxes on the superwealthy, and a 2.5% excise tax on medical devices.
