If you want the whole truth, you've got to go to the smaller blogs
The A-listers won't tell you, but Bryan at Why Now? will (emphasis added):
Apparently what few members of the middle class who still exist in this country have reached their limit on paying for health insurance, and Obama et al. feel the need to herd new customers into the corporate feed pens to be drained of their last penny.
The so-called “Health Care Proposal” that the White House has posted for the latest photo op displaying Obama’s obsession with “bi-partisanship”, is, to no one’s surprise a warmed over version of the worst of the two bills that made it out of Congress – the Senate bill. Obama’s competence was barely able to cope with the Senate, and he is lost as an executive.
Obama doesn’t want any real competition for his corporate masters, so there isn’t even a reference to a “public option”, which was never defined in any case. They do intend to tax the health care benefits that a few unions have managed to secure for their members after years of negotiations, and they intend to sic the IRS on to people who object to throwing away money by giving it to insurance companies who have a track record of denying claims.
Oh, they are going to “review” rate hikes. That ought to be effective, telling companies that their 30% rate hike after a year with 30+% profit is somewhat excessive. No doubt there will be a board of former insurance company executives to advise on what is reasonable.
Note: I don't strictly agree with the incompetence frame. Obama is doing what he wants and what his overlords want. He's doing it very, very well. Who else could have reinvigorated Reaganomics at a time when pitchfork futures are so bullish?
Sure, Rome is burning and Obama's party is on track to lose huge in November, but what of it?