The Obama administration says we need public health insurance to compete with private health insurance. This is where politicians talk down to voters, who they figure were dumb enough to vote for them.
There already are about 1500 private health insurance plans. They can compete with each other if they were allowed over state lines. The ONLY plan that would have NO competition would be the public plan. With no capital or working cash outlay, 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 with other foreign health insurance programs, as their experience shows. (See the Earl J Weinreb NewsHole® comments.)
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