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House Proceeding 11-06-09 on Nov 6th, 2009 :: 4:34:45 to 4:37:20
Total video length: 6 hours 43 minutes Stream Tools: Stream Overview | Edit Time

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Frank Jr.Pallone

4:34:41 to 4:35:01( Edit History Discussion )

Frank Jr.Pallone: costs through new wellness initiatives. i know it will pay great dividends to those families and businesses. mr. pallone: if i could talk about small businesses. a lot of people don't understand that the way the program is set up in the bill we will vote on in the next few days, small businesses, when they try to buy

Frank Jr.Pallone

4:34:45 to 4:37:20( Edit History Discussion )
Speech By: Frank Jr.Pallone

Frank Jr.Pallone

4:35:02 to 4:35:22( Edit History Discussion )

Frank Jr.Pallone: health insurance, very much like an individual buying health insurance, because the individual is only buying it for himself or members of his immediate family. the cost is high, because you're not part of a large insurance pool. and the same is true for small business. in other words, if you have only five or 10 emp

Frank Jr.Pallone

4:35:23 to 4:35:45( Edit History Discussion )

Frank Jr.Pallone: buy a health insurance policy on the private market, in the open market, you have the same problem, you are only insuring maybe two, three, four, five, maybe up to 10 people and you aren't part of a large insurance pool, so your costs are very prohibitive. at we do in this bill is say that not only can an individual

Frank Jr.Pallone

4:35:46 to 4:36:06( Edit History Discussion )

Frank Jr.Pallone: go to this health exchange and be part of this large insurance pool, but also a small business can do that. if a small business can't afford a policy, small group policy or, you know, has one but is increasingly the cost of the premiums are going up, they can go into the exchange and don't

Frank Jr.Pallone

4:36:07 to 4:36:28( Edit History Discussion )

Frank Jr.Pallone: have to have all their individual employees and buy individual policies, they can go into the exchange and buy a small group policy with a lot less and a better benefit package. they are buying a small group policy that is part of a larger insurance pool that brings the cost down.

Frank Jr.Pallone

4:36:29 to 4:36:49( Edit History Discussion )

Frank Jr.Pallone: and that hasn't en brought up much. most of what you hear is, well, is my employer going to continue with my insurance or put me in the health exchange? the reality is that the business can buy a group policy for a lot less and with better benefits in the health exchange and i think

Frank Jr.Pallone

4:36:50 to 4:37:13( Edit History Discussion )

Frank Jr.Pallone: you will find a lot of small businesses do that because they are going to get additional tax credits for it. and, you know, it's just a better package. so many people today complain not only about the cost of health insurance, but when they actually buy it, it doesn't cover anything or covers very

Frank Jr.Pallone

4:37:14 to 4:37:22( Edit History Discussion )

Frank Jr.Pallone: few things, there are a lot of out-of-pocket expenses. you cabuy a benefit package

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