It is summarized as follows:
1) VOUCHERS -- Each person gets a yearly voucher to pay for the actuarial cost of their basic Health Care that can be used to purchase Health Insurance from any conforming health care insurance vendor.
2) SAVINGS -- Any savings in treatment costs will be shared 50/50 by the patient and the insurance company.
3) ADMINSTRATION -- The Government will offer to do all the Record Keeping, Billing, Paying, Results collection, etc. at no charge.
4) COVERAGE -- The procedures covered by the HelthCareUS will be determined as those that have highest benefit within the amount of money allocated by the government/tax payer.
5) GRANDFATHERING -- Any current plan will be "grandfathered" in except that the tax benefit will be limited to the Voucher amount and any tax benefit over 50% of the voucher will be available only if the current plan provides at least the coverage of the HealthCareUP plan.
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See: http://wematter.blogspot.com/2009/05/healthcareus-3.html
and the open comment area for suggested improvements.
and see: the WSJ article: http://online.wsj.com/article/SB124208364853008485.html#mod=todays_us_opinion
