Health Insurance Reform - Quite a Good Idea

I briefly watched the speech by Barack Obama on Health Insurance Reform. I liked the fundamentals that he is trying to address here. The vision is quite clear - "Let no American broke just because (s)he is sick". Fundamentally I found it to be quite a noble thought, yet execution of such a reform would remain quite a tough task. As he rightly said, insurance companies play a foul game when it comes to paying the bills/reimbursements. They come up with reasons which are beyond comprehension at times. There is a tendency to delay payments. They instead look out for one small mistake on the part of the customer so that they can be denied the reimbursement. So in such a scenario, the ideal thing to do would be to introduce competition where the competitor would provide easy insurance options & easy norms so that people get "really benefited". And that's exactly what he is trying to do. He is creating an entity which will be called as a "Insurance exchange" where every individual/ small business firms can get health insurance at a competitive & affordable price. These are still only on papers. We need to wait & watch the real success of this!!! Who knows, this might become a key propaganda for politicians in next election in India as well....