By Steve Rhodes
A loyal reader asked me what I meant by my statement yesterday that a public option made no sense whatsoever, and the current leading bill without a public option made no sense whatsoever.
Here is my explanation.
1. What I mean is that I don’t think the public option makes sense – for a number of reasons. First, it’s pure speculation and wishful thinking to believe that this will “force insurance companies to be honest.” Obama likes to trot out the (bad) example of the U.S. Post Office competing with FedEx and UPS, but does anyone really believe the business practices of the Post Office have anything but minimal impact on FedEx and UPS? And there already is competition in the market. Beyond that, the CBO has made clear that a public plan will not save money. We all know that the public option is a half-measure on the way to single-payer, something Dems spoke freely about through the last campaign but deny now. Finally, I don’t like the idea of the government entering a private marketplace and playing along.
Posted on August 21, 2009