Quote:
Originally Posted by JohnnyD
Why exactly will they have to go out of business?
Under the current proposal, the national plan is much more likely to go out of business because the private companies will be able to cut out even more people and accept only healthy 20-30 somethings. Where as the national plan will be paying for all the high-cost people since there won't be an exclusion for pre-existing conditions.
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When employers sponsor private insurance, they usually pay a portion of the premiums. If they have the option of offering the national plan, they save that portion. If you were the employer, would you offer expensive private plans or a "free national plan"? It is assumed that the vast majority, if not all, employers will opt for the national plan. Any remaining holdouts might well be forced by competitive costs to eventually do so as well.
As for the Government going out of business, it has been operating on deficits and will continue to do so as long as it chooses. It doesn't concern itself with the bottom line until voters pull the plug. Once "the people" are under government health care, as is demonstrated in all other socialized medical countries, they are too afraid or too ignorant to abandon it. Not to mention that the alternatives have been squelched.
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