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Report: Public Option Added to Private Plans Could Slow Health Costs

National News • June 25, 2009
A nationwide health insurance exchange that includes a Medicare-like government option could save $1.8 trillion more than if only private plans are offered, a prominent private U.S. health policy ...

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Subject: Lessons from Hawaii

Posted On: June 26, 2009, 9:15 pm CDT
Posted By: Actuary
Comment:
Obama's is not a new idea. It has already been tried for all children in Hawaii. Here's what happened.

The state provided a subsidized "public option" to "compete" with private insurers.

Families quickly decided that they'd rather be a subsidizee than a subsidizer, so they flocked to the government plan.

Costs of the government plan skyrocketed, and there were no longer enough subsidizers to support the plan, so the plan folded.

It's not competition when the government weighs in with a subsidized plan. This is not news to Obama & co. They really want universal health care, but speaking the language of free markets and competition is the only way to convince the public to buy in. Fortunately, the public seems to be smarter than they counted on.
Subject Posted By Posted On
Lfkxzpym Lfkxzpym
Jul 14, 2009, 8:02 am
error in article? Barbara
Jul 11, 2009, 11:52 am
Lessons from Hawaii Actuary
Jun 26, 2009, 9:15 pm
Healthcare reform Ken
Jun 26, 2009, 8:43 pm
RE: Savings? At who's expense? poster bored
Jun 26, 2009, 3:48 pm
RE: Savings? At who's expense? Mike
Jun 26, 2009, 2:38 pm
Savings? At who's expense? PETE
Jun 26, 2009, 10:22 am
RE: RE: RE: RE: Another Pro-Socialist Organization - correct Tired in Texas
Jun 26, 2009, 9:47 am
Correction of Correction of Bill Bill
Jun 26, 2009, 9:33 am
RE: I can't believe what I'm reading Gill Fin
Jun 25, 2009, 5:44 pm
I can't believe what I'm reading Cato Younger
Jun 25, 2009, 4:28 pm
Some questions for the public option advocates Gill Fin
Jun 25, 2009, 3:26 pm
RE: RE: RE: Another Pro-Socialist Organization - correction Just a thought...
Jun 25, 2009, 3:17 pm
RE: RE: Another Pro-Socialist Organization - correction to B Tired in Texas
Jun 25, 2009, 2:33 pm
RE: Another Pro-Socialist Organization - correction to Bill David
Jun 25, 2009, 2:11 pm
RE: What kind of glasses are these people wearing? Bill
Jun 25, 2009, 2:01 pm
Healthcare Viva Tejas
Jun 25, 2009, 1:59 pm
RE: RE: RE: RE: Healthcare D
Jun 25, 2009, 1:58 pm
What kind of glasses are these people wearing? James Stewart
Jun 25, 2009, 1:56 pm
Another Pro-Socialist Organization Bill
Jun 25, 2009, 1:54 pm
RE: RE: RE: Healthcare Satisfied
Jun 25, 2009, 1:46 pm
RE: RE: Healthcare D
Jun 25, 2009, 1:44 pm
RE: Healthcare D
Jun 25, 2009, 1:41 pm
RE: Healthcare Satisfied
Jun 25, 2009, 1:30 pm
Healthcare G
Jun 25, 2009, 1:07 pm
RE: Isn't Medicare cost subsidized by taxes? Tired in Texas
Jun 25, 2009, 12:43 pm
This is news? Actuary
Jun 25, 2009, 12:39 pm
Isn't Medicare cost subsidized by taxes? Larry Cappleman
Jun 25, 2009, 12:36 pm
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