Ultimately, the combination of the mandate to buy insurance, federal subsidies to low income families to purchase private plans, failure to adequately control insurance prices or crack down on the abuse of insurance denials make the House bill -- and its Senate counterpart -- look a lot like a massive bailout for the private insurance industry.
Don't be misled by the howling from insurance industry which has been spending some $1.4 million a day to steer the direction of legislation. They would have preferred the status quo, but will be more than happy to count the increased revenues coming their way.
As Rep. Dennis Kucinich said on the House floor, "we cannot fault the insurance companies for being what they are. But we can fault legislation in which the government incentivizes the perpetuation, indeed the strengthening, of the for-profit health insurance industry, the very source of the problem."
Read the rest of this summation of the health care reform that just passed in the House here at Counterpunch.org. Excellent article (still no numbers, though!) by Rose Ann DeMoro is executive director of the California Nurses Association.
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