How does the government's proposed new health care bill impact all health insurance companies?

I dont understand this question for my business class! im supposed to answer it in a business point of view. help anyone?
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Any kind of reform ultimately is corporate welfare because it will force everyone to buy insurance even if they can't afford it, so the solution is give tax credit to them with money so the distribution of wealth goes from taxpayer to government to individual to corporate America. Basically, we are again subsidizing corporate America with government giveaways. The public option is proposed to allow competition in order to reduce costs across the boards. However, there is some concern that it will drastically damage private insurance. People who don't like their private plan should have the option to buy or shop for insurance instead of tied to their employer. Single payer system would destroy private insurance, but it seems to be working fine in Canada, France and UK.
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