Health Insurance Reform

So, let me see if I understand this correctly. I admit, I haven't read all of the Senate Finance bill, but...

It requires all American citizens to have insurance.
It has minimal enforcement of the above.
It has no cost controls on the insurance companies.
It has no public option.
It does nothing to increase competition.
It makes rejecting anyone for insurance illegal.

So... tell me where I'm wrong here...

Doesn't this mean that:

A) a lot more people will buy into the system than before, giving the insurance companies a lot more customers.
B) with those customers required to have insurance, what little incentive there may currently be for insurance companies to keep their profit margin down goes almost entirely away.
C) this means that the insurance companies can charge even higher rates and deny even more claims, and we can't leave because we're required to have insurance.
D) add together the weak enforcement of the insurance mandate and the fact that insurance companies are enjoined from denying anyone coverage who applies for it, there are going to be people who say "the heck with that, I'm not paying for coverage when I don't need it", and will try to buy into the system only when/if they get sick.

So tell me how this bill does anything but guarantee rate increases?

Republicans water the bill down. Insurance companies get their bought Senators on both sides to water the bill down. And what we're left with is a license for those companies to make obscene profits at our expense, and this solves the problems we have with health care in this country how?

This is what I talked about when this whole health care thing started: There is no reform that works and solves all of the problems without at a minimum a strong public option, and better still, a single payer system. A system like TriCare and Medicare, both of which work quite nicely, thank you.

We have a real problem. I haven't run into too many people who disagree on that point (except, of course, for the insurance companies themselves). We need to solve it, and to do so, we need something radical. What they're proposing here will only make the problem worse... and then the people who argued for watering down the bill and argued against a public option or a single payer plan will, come a few years from now, be crowing about how they were right, and what a cluster-**** the "reform" was... without ever admitting or perhaps even realizing that it was they, themselves, who turned a vital reform into something that made the problem worse.

It makes me absolutely sick.