Amendment in the nature of a substitute sought to limit exclusions for preexisting health conditions; prohibit insurance carriers, health maintenance organizations, and other health coverage entities from denying coverage to employers with two or more employees; prevent employment-based health plans from excluding any employee from coverage based on the employee's health status; require health plans to renew coverage for groups and individuals as long as premiums are paid and there is no fraud or misrepresentation on the part of the policyholder; preempt State laws that prohibit the formation of private voluntary coalitions to purchase and negotiate health insurance plans; and phase in an increase from 30 to 80 percent the amount that self-employed individuals can deduct from their taxes for the cost of health insurance.