A Public Health Insurance Facility for Competition??

The Administration tells us we need a public health insurance plan to help compete with private health insurance. This is yet another instance where politicians talk down to voters, who they figure were dumb enough to vote for them, so they will fall for this line as well.

There already are about 1500 private health insurance plans in this country. They all compete with each other. The ONLY plan that would have NO competition would be the public plan. With no capital or working cash outlay, you, the taxpayer, will provide funds to undercut those 1500 competitors.

If you now have private health insurance, it will be priced out of the market entirely. However, you will eventually pay more or have your benefits reduced. Or rationed, as the only attempt at cost-cutting.

This was done in England, Canada and other foreign health insurance programs, as their experience shows.