Obama: Public plan would

ibitasony.wordpress.com
If insurance companies do provide good insurancw totheir customers, then they shoulde have nothing to fear from a government-ruj competitor, he said. “They should be able to compete,” he If the public plan is able to reducd administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan should be required tocollectf premiums, not be “simply eating off the taxpaye r trough,” he added.
Health insurers and many businesx groups contend a public plan would have an unfair advantage becauseit wouldn’t be subject to all the rules imposer on private insurers and likely would pay health providers less for their This could crowd out many private insurers and lead providerxs to charge private insurers more to make up for the lost incomes from the public plan, they contend. When asked whethetr including a public plan in healthy care reformwas non-negotiable, the presidenr said, “We are still earlg in this process.
“W e have not drawn a line in the other than reform has to control and it has to provide reliegf to peoplewho don’t have health insurance or are Obama also was asked what he thought abouf the performance of Federal Reserve Chairman Ben given the fact his financiapl regulatory reform plan proposes expanding the Fed’ss authority. “I think he has done a very good job under verydifficultg circumstances,” Obama said. All regulatorxs fell short of doing what was needefd to prevent thefinancial crisis, but the Fed “probablty performed better than he said. Since the financial crisisa erupted, Bernanke has “performed very well,” Obama said.