The insurance issue is BS. What they want is to extend the benefits to more people including non citizens. Regardless of whether or not there is a public plan, the onus will be put on the insurance companies i.e. those with insurance to cover those without. That may include complete underwriting by the government i.e. the taxpayers. Furthermore, there would have to be an onus on employers to offer plans, whether they want to or not. I am sure some form of subsidy would have to come. Now then, where will the money to fund this come from. Mostly from Medicare I fear.
This whole this must go down, period. end of story.
Vince
I wonder if they will somehow require insurance companies to cover the uninsured? Then, inevitably costs will rise, and Obama will be able to hammer them for high premiums and high costs, totally ignoring the costs he will impose on them.
This is starting out just like the creation of the Housing Bubble.
The federal government required lenders to lend to those who could not afford homes, which forced the private sector to get creative by pushing ARMs in order to still turn a profit. (not saying they were right in doing so)
Everyone jumped on this bandwagon, and when it came crashing down, it came down HARD.
Now what happens when the federal govt requires private insurers to offer federally-mandated rates to those who traditionally could not afford the best coverage? Well, the insurance companies are going to get creative and come up with something, everyone will think it's so great, and a few years after that it will all come crashing down.
Then the government will declare the big insurers insolvent, and nationalize them.
Oh yeah, and the Republicans will be blamed.
100% gotta show me what you mean and what you’re going to try and foist on me.
I think you nailed it on the head.