Former Chief Financial Officer of Blue Cross-Blue Shield of Wisconsin
Pro to the question "Is the Patient Protection and Affordable Care Act (Obamacare) Good for America?"
"Health reform provides coverage to millions of people while correcting many current and serious defects. It isn't perfect, but it has countless positive elements being ignored by critics. One key example is Section 2718, 'Bringing down the cost of health care coverage,' which takes effect today (September 23). It brings sorely needed cost-control mechanisms while retaining health insurers' ability to innovate...
Overall, reform is fair in not penalizing efficient insurers but does put a stop to excesses and abuses of some insurers who appear far more intent on protecting their cash flows than providing services to their customers...
Section 2718 is representative of many provisions in the new law, and it illustrates that reform is right, it is needed and it will deliver major benefits to American businesses and families struggling to pay for soaring health insurance premiums."