That's right. If you currently have it you can keep it...but no one can ever get a new private policy again. Eventually, when the current generation dies off or becomes covered by a government plan there will no longer be anyone covered by private insurance.
Of course, long before that happens private insurance companies will become insolvent because they cannot obtain new customers.
Welcome to the new slavery!
Update: On page 118 it is illegal for an employer who currently offers a health insurance plan to "induce" individuals to switch to the government plan. In other words, employers have to keep paying despite taxes going for alternative plans. This is to prevent the "dumping" phenomenon experienced by the states where employers simply stopped offering health insurance as a benefit. Another way in which the liberals are attempting make "the rich" pay for health insurance for others. The reality of the situation: many employers will simply dump health insurance coverage as soon as this bill passes in order to avoid being penalized when the law takes effect. Better 8% than 8% plus penalties!
Update 2: On page 283 profits for any plan working via the government would be limited to 15%, with higher profits being rebated. Dang, can we get automatic tax refunds, too?
Update 3: "No doc loans" come to health care! Page 320 states that no one will be made to provide documentation to prove their status for "low income" benefits. Yes, that means illegal aliens will not be made to prove they are citizens.‘‘(iii) CERTIFICATION OF INCOME AND
14 RESOURCES.-For purposes of applying
15 this section-
16 ‘‘(I) an individual shall be per
17 mitted to apply on the basis of self
18 certification of income and resources;
19 and
20 ‘‘(II) matters attested to in the
21 application shall be subject to appro
22 priate methods of verification without
23 the need of the individual to provide
24 additional documentation, except in
1 extraordinary situations as determined
2 by the Commissioner.’’.
Oh, and we're on the "honor system" for special benefits. People continue to receive them until they decide to inform the government that they no longer qualify. (!)
Update 4: Insurance providers will be judged on whether they are "fair" to everyone, including whether they are providing free interpreters in medical service facilities for people who do not speak English.
Update 5: If any provider is found to be "lacking diversity" (in terms of Title XVIII, XIX, or XXI) they will be prohibited from enrolling new people. This, of course, is just one of many ways in which the bureaucrats will shut down "uncooperative" health insurance providers: by claiming they aren't insuring "enough" women, children or elderly people.