Health Care Bill

We all know now that the health bill has passed the house of representatives. What we don't know are all the provisions and deals that have been made.

I did hear some interesting news this morning. All during the process, the president, speaker and senate leader all vilified the pharmaceutical and insurance companies saying they were responsible for the high cost of health care. This morning, I heard that the pharmaceutical companies will have 12 years after a new drug is introduced before any generic drugs can be used. Also, there will be no cap on insurance company rates.

I thought this new bill was supposed to "rein in" the profits of pharmaceutical and insurance companies and benefit the people. It doesn't look that way.