How Pharma and Insurance Intend to Kill the Public Option, And What Obama and the Rest of Us Must Do
They don't want a public option that would compete with private insurers and use its bargaining power to negotiate better rates with drug companies. They argue that would be unfair. Unfair? Unfair to give more people better health care at lower cost? To Pharma and Insurance, "unfair" is anything that undermines their profits. Full Story »
Posted by Dwight Rousu
The individual mandate (requiring every American to obtain health insurance) combined with lack of a real public option would effectively be an enormous subsidy to the insurance industry at the expense of the public. There is simply no rational argument to be made that a public option would somehow undermine the workings of the free market when the individual mandate is handing insurers a captive market.