re: #60 lawhawk

Public option provides “competition” that has government backing and financing that enables them to undercut the private insurers. The government policy could take loses and simply raise tax revenues to cover the difference, while an insurer would be limited in how much they could raise premiums, hitting them from both ends. It’s not exactly competition on a level playing field.

But if it’s competition we want, why not let states open up insurance to those policies already acceptable in other states.

The gov policy would not take losses. You would have to pay premiums just like other health insurance. If they take a loss they would adjust premiums accordingly. It would be run just like a private company only with a lower overhead, no profit taking, and a larger risk pool which would lower costs.