Affordable Health Care for America Act Promotes Competition

Insurance reforms and Health Insurance Exchange will promote healthy competition in the market. Affordable Health Care for America Act: · Implements insurance reforms and standardized benefit packages that will require insurers to compete on the basis of price and quality, not on the basis of the medical underwriting of sicker patients. · Establishes the Exchange, a transparent marketplace that replaces today’s dysfunctional small group and individual market, to lower administrative costs and provide incentives to insurers to maintain lower premiums in order to attract millions of Exchange enrollees.· Injects further competitive pressure into the Exchange by adding a public health insurance option in many markets that have little competition. · The public option will be a low cost, transparent insurance option that can exert price pressure on all other plans in the Exchange.