President Obama guaranteed Americans that after health reform became law they could keep their insurance plans and their doctors.Dr. Gottlieb, a former official at the Centers for Medicare and Medicaid Services and who is a fellow at the American Enterprise Institute and a practicing internist, points out that is not true:
It's clear that this promise cannot be kept. Insurers and physicians are already reshaping their businesses as a result of Mr. Obama's plan.The truth slowly creeps out from the 2,000 page bill that was hurriedly passed by partisan Democrats on a protesting public. Will Republicans be able to turn it around once they are back in control in DC?
The health-reform law caps how much insurers can spend on expenses and take for profits. Starting next year, health plans will have a regulated "floor" on their medical-loss ratios, which is the amount of revenue they spend on medical claims. Insurers can only spend 20% of their premiums on running their plans if they offer policies directly to consumers or to small employers. The spending cap is 15% for policies sold to large employers.