Sure it would. I mean, if you just legislate a lower price, then everything will be cheaper. Won't that be great?
Ah cahn't change the laws of economics, Captain!
Posted on 10/23/2009 1:57:50 PM PDT by Steelfish
Too Much of a Good Thing? Public Health Plan Could Have Huge Advantage in Market
Under the plan being pushed by House Speaker Nancy Pelosi, a government-run health insurance plan would provide nearly the same benefits as the other private plans in a new insurance exchange, at a fraction of the cost.
By Judson Berger FOXNews.com Friday, October 23, 2009
House Speaker Nancy Pelosi discusses health care at a news conference on Capitol Hill Oct. 23, as Rep. James Clyburn looks on. (AP Photo)
With 350 employees covered under his auto dealership's health care plan, Burt Brenner said a government-run insurance plan might be too good to resist.
Brenner, the chief financial officer at Lindsay Automotive in Alexandria, Va., said that private premiums have been increasing for 10 years, even when claims don't warrant it, and a "very attractive" element of the public plan is that it could stop that "rollercoaster."
"We would consider a public plan to reduce premiums if the benefits of the plan were comparable to that of our private plan," he said.
So would millions of others -- according to estimates of the sweeping impact a government-run health plan could have.
Under the plan being pushed by House Speaker Nancy Pelosi, a government-run plan would provide nearly the same benefits as the other private plans in a new insurance exchange, but at a fraction of the cost.
This would make the public plan an attractive deal. But it could also lead to an exodus of customers from private insurance -- a scenario conservatives fear will be the first step toward a single-payer system where the government is the sole insurance provider. And that, they say, would inflict further damage on the expanding deficit.
(Excerpt) Read more at foxnews.com ...
Where’s the massive barf alert? It would cost more than anybody could imagine.
Sure it would. I mean, if you just legislate a lower price, then everything will be cheaper. Won't that be great?
Ah cahn't change the laws of economics, Captain!
Winner of Most Obvious to Happen quote of the day.
Thus putting control of your life in the Governments greedy claws!
Doctors will have their pay cut by 90%. They can make it up in volume, right??
Amazing.
All we have to do is pass a law and everything, especially health care goes down to a fraction of the cost.
Can they pass a law about everything?
Of course they can .... :-)
schu
I don’t believe one word that comes out of her lying mouth. If it sounds too good to be true, it usually is.
Once the government has driven the competition out of the market by running a trillion dollar loss leader sale, then they can charge whatever they want... forever.
I want my G5 and all the fuel I can burn for a fraction of the cost.
Can we get that passed? Quickly, no debates please, we all agree we have to do something.
“a government-run health insurance plan would provide nearly the same benefits as the other private plans in a new insurance exchange, at a fraction of the cost.”
The media never writes, or speaks, with economic honesty.
No government plan comes “at a fraction of the cost” to any private plan.
A portion of the full cost is simply transferred from our private economic decisions to additional taxes imposed to cover the portion of the amount that the government is subsidizing.
Even the person who pays for this wonderful “lower cost” government plan will, somewhere in their private economic transactions, be paying taxes to help cover the difference between what they are charged for their monthly premium and its true cost.
There are no cost savings anywhere in the plan, simply cost shifting, from the private economy to taxes.
Indeed. I don’t know why people accept the notion that this is “competition”. The government has an unlimited budget.
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