- Apr 8, 2013
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I don’t think you’d need to abolish insurance if the gov plan was great. People would just choose it and insurance companies would most likely go bankrupt all by themselves.
This way you can say you support the free market, but it’s nit your fault they can’t compete with the buying power of a government
Yep, that's what I think too. Providing a public option will put the health insurance industry out of business by market forces. Medicare only pays out to providers about 60% of what private carriers pays. That and the absence of the profit component means Medicare can charge a lot less. There are no yearly deductibles with Medicare unlike private insurance so it's like a platinum plan but less expensive than a bronze plan. I don't see why anyone would buy private insurance unless you're a rich executive and you buy a Cadillac plan specially designed for the wealthy.
The problem with saying you're going to ban private health insurance in an election is that public support for the idea goes down by like 25 points in polling. A public option polls very well. Banning private insurance not nearly so well.
