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re: Biden: I Will Create A Public Option To Strengthen Obamacare

Posted on 8/19/20 at 7:57 pm to
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69409 posts
Posted on 8/19/20 at 7:57 pm to
A public option is specifically designed to destroy private insurance in the long run


Anybody who says otherwise is foolish.

Because a public option can run huge deficits, it can undercut Private insurers on premiums

It’s not competition when a company can survive in the red
Posted by KingOrange
Mayfair
Member since Aug 2018
8686 posts
Posted on 8/19/20 at 8:04 pm to
quote:

A public option is specifically designed to destroy private insurance in the long run


This is going to be interesting because Big Insurance was All in with Obama and the Democrats. Big Insurance wields a big stick on K Street.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45431 posts
Posted on 8/19/20 at 10:34 pm to
quote:

A public option is specifically designed to destroy private insurance in the long run Anybody who says otherwise is foolish. Because a public option can run huge deficits, it can undercut Private insurers on premiums It’s not competition when a company can survive in the red

Exactly.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45431 posts
Posted on 8/19/20 at 10:43 pm to
Kaiser Permanente has stated that public healthcare for all will cost at least $44T over 10 years.

That’s over $4T a year.

The current entire United States budget is just over $4T a year and we’re spending like a sugar baby with sugar daddy’s credit card and racking up unsustainable debt.

How do Democrats intend to pay for this? Surely this is obvious to anyone with basic comprehension abilities?
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