Tuesday, June 30, 2009

The Public Health Option: Competition will be GOOD for the $-grabbing Private Health Care Industry

Controlling health care costs isn't just necessary for the health of our economy -- it also likely to boost personal incomes.

Sent to you by David Byrom, Ph.D.:
Got Health Insurance? Fighting for a Public Option Might Just Get You a Raise!
By Joshua Holland, AlterNet

Posted on June 29, 2009, Printed on June 29, 2009


The best argument for overhauling our ridiculously expensive and dysfunctional health care system -- an argument one doesn't often hear in the corporate media -- is that fixing it would put more dollars in your pocket, even if you already have health coverage.

If there's enough pressure on Congress, we'll add a well-designed public insurance option to the current mix of private insurance and government health care programs. It would be like (the highly popular) Medicare program, but open to all comers. We'd end up with a very large insurance pool that would lower costs through efficiencies of scale. The plan would be able to drive a hard bargain with providers and cut down on overhead costs, which amount to about 30 percent of spending in the U.S. right now.

And it wouldn't just contain costs. A publicly administered insurance program would also protect Americans from the kind of health insurance nightmares we hear about so frequently, with families bankrupted by out-of-pocket expenses or stuck in jobs and relationships they hate in order to hold on to their insurance....

See entire article at: http://www.alternet.org/story/140960/

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