Tuesday, August 3, 2010

Health Insurance Co-ops

It’s not too late for a revamping of ObamaCare.

True health insurance co-ops had been discussed as possible health insurance programs, instead of a government “public option.” Co-ops would take as much as a decade to properly create. The Obama administration still has the public option and the co-op as a backdoor option in mind.

This would take operations already in existence, banding together for a purpose to reduce costs. They cannot be created out of thin air by a government rule. Not the way the Obama administration has wanted to create a single payer system.

The government today has its hands full administering ongoing Medicare and Medicaid with its messy complications, and its fraud. How will it get its bureaucratic hands to create co-ops out of thin air?

If the government attempts a co-op of this kind in the future, it will be merely fooling the public with a euphemism for nationalized medicine.

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