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...individuals into large risk pools, allowing them to buy health insurance at a significantly lower cost; federal subsidies for individuals too poor to afford insurance on their own would be doled out via the exchanges; and plans offered there would be vetted by federal officials to ensure they meet minimum standards for coverage. But other exchange details, like exactly which (and therefore how many) individuals would get to shop there and whether states or the Federal Government would be in charge, are still very much under discussion. Which exchange design emerges from Congress could go a long way in making...

Author: /time Magazine | Title: Behind the Health-Insurance Exchanges | 8/12/2009 | See Source »

...most controversial detail is who would participate in these exchanges. Both the House and Senate plans would restrict access to small businesses and individuals not eligible for employer-sponsored plans that meet a set of minimum standards for coverage. Plus, while the House plan would at least start with one national exchange, a Senate proposal would allow states to set up their own, and that could create problems from the outset; not only could they take longer to set up, but there is doubt about whether state or regional exchanges would be able to attract enough enrollees to leverage...

Author: /time Magazine | Title: Behind the Health-Insurance Exchanges | 8/12/2009 | See Source »

...critics have been using this legislative provision to scare people into thinking that the government will decide what services are covered under private insurance. But what the government would actually be doing is setting a standard for a minimum benefit package that all health-insurance plans would have to meet. The purpose of this is not to ration health care but rather to ensure that Americans don't buy plans with hidden loopholes and gaps. The House plan says this minimum benefit must cover at least 70% of the cost of hospitalization, doctor's visits, prescription drugs, maternity care...

Author: /time Magazine | Title: Behind the Health-Insurance Exchanges | 8/12/2009 | See Source »

...conference delegates refused to strike out a sentence in their charter vowing to "liquidate the Zionist entity," and the delegates did not rule out the possibility of a return to arms if the faltering U.S.-brokered peace process collapses. Abbas and Israeli Prime Minister Benjamin Netanyahu have yet to meet, despite the White House clamoring for a resumption of talks, with the Palestinian leader insisting that Israel first accept a full settlement freeze...

Author: /time Magazine | Title: Fatah Conference Boosts Abbas, but Peace May Remain Elusive | 8/12/2009 | See Source »

...year ago. Meanwhile, Jet Airways, India's oldest private player, has converted some of its jets by removing all business-class seats and rebranding them as JetKonnect - giving the company two budget brands. "It gives us the flexibility and speed to deploy capacity and reverse it to meet changing trends," said Sudheer Raghavan, chief commercial officer of Jet. Launched in May, JetKonnect offers 40% lower fares and plans to take the current 130 flights a week to 160 by October...

Author: /time Magazine | Title: India's Airline Industry Goes From Boom to Bust | 8/12/2009 | See Source »

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