Now that the public option seems to be losing traction because there simply aren't enough Democratic or Republican votes to pass ANY public option, Obama is trying to accomplish his goals another way that IS now supported by both Liberal and conservative Democrats and this could actually pass both the Senate and the House of Representatives.
However, the fault I see with this is "What if paid employees of for profit Health insurance companies were paid to secretly be put in these co-ops to destroy them over a couple of years?"
Though Government financing of privately organized health Co-Ops sounds good in practice it may or may not be a good idea to have a series of government financed regional health co-ops to solve the public option health care concept. Private insurance companies have every interest in destroying these co-ops (UNLESS) they are required by law to not be able to refuse policies for anyone no matter their pre-existing health problems.
So, if you want this Co-op thing to work you must force for profit insurance companies to take everyone. ONly then to they have a vested interest in making sure these co-ops survive and prosper so they don't have to have policies on EVERYONE! Instead all who need insurance could have insurance through the co-ops. Though the public complaint about co-ops is that the poorest of people still wouldn't be able to afford joining a non-profit health co-op. So covering all U.S. citizens still won't happen with health co-ops.
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