Archive for October 25th, 2009

by jhwygirl

A trigger option hands the insurance industry 12% of your total income. 12% of this nation’s income.

Under the trigger option, a public option will kick in some time in the future should the insurance companies fail to meet some certain thresholds like failing to provide a basic health insurance product at a cost that is no more than 12% of an individuals income. Currently, chances are here in Montana you aren’t paying 12% of your income – but your health costs are rising. A trigger option tells the industry to ‘have at it’ but don’t cross that 12% line.

Not only is government codifying the requirement to purchase insurance in the private sector, and tying that requirement to a tax penalty – of which failure to pay results in jail – it is handing the industry millions more customers and telling them that they can charge even more for their crappy product.

Congress writes laws every day that lack any real penalties – but not with insurance reform – they’ve basically said that they are going to tax you $750/person if you don’t purchase insurance from the private sector (keep in mind, here in Montana, 2 insurers hold 85% of the market – Blue Cross holding 75% in and by itself!).

Imagine the sanity of tax penalizing someone for something they already can’t afford? 12% of someone’s income in Montana means something significantly more for most than, say, 12% of someone’s income in techy and home-of-Boeing Seattle.

A Trigger does not a Public Option make. I don’t care what Obama or Olympia Snowe tries to say, they’re handing this country over to corporations.




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