God, Politics and Rock 'n' Roll: Public option is a bad deal
Excerpted from this post at God, Politics and Rock 'n' Roll
New polling shows that the public supports a choice between
government-run insurance and private insurance. I can see why the
public believes that public "competition" for private insurance
companies would be a good idea. Voters rightfully believe that
competition produces lower prices and better customer service.
However, the public option is a bad idea because the government
"competes" with the private sector on a playing field tilted
precipitously toward the bureaucracy winning the competition. Why? 1.
The government has unlimited access to money. It does not have to
create a business plan to benefit consumers and keep prices low in
order to keep itself from going out of business. A government program
never "goes out of business."