Question About Obama's Health Care Bill?

From what I am hearing, Obama wants to "approve" elderly people in need of chemotherapy for their cancer before they receive any medical attention. If that's true, that is total BULLSHIT. I'm not all into politics because I'm in high school, but that really pisses me off (if it's true.) So is this true or not? Can someone explain to me what he is trying to do? My grandfather passed away last June of colon cancer & he was covered by the insurance the military provided him with (retired navy). But I always felt like they never tried hard to save him.