PeterS wrote:
So why didn't capitalism bring down prices in the first place? How soon we forget that prior to Obamacare prices were out of control and the only thing a free market did was make insurers rich.
PeterS, oh, stop right there. We have not had "capitalism" and free market competition since 1945 when health insurance was put under state and federal regulation of the Interstate Commerce Clause, re-classed as a "for profit industry" by the McCarran-Fergusson Act.
You know this. The Public Option will be the death of the human race as we know it.
Let's talk about California. The State legislature's Senator, Dave Jones, had oversight of the 1.5 million government employees health care benefits
Jones arranged for the government workers, with the advice of the SEIU labor union, to purchase the broadest policies, highest priced Cadillac health insurance plan in the nation, adding some10 billion dollars to the state debt that was already some $40 billion dollars in debt. 3000 people left the state each day, unable to find work. 2,000 industries left the state each year. The remaining taxpayers are being milked and bilked.
The liberal dingbats just loved their Cadillac health insurance benefits so next, they elected Senator Dave Jones to be the State Insurance Commissioner, who sucked up big fat campaign contributions from the labor unions and health insurance industry. See how that works?
Today, California is a playground for Hollywood's rich and famous, while its streets are lined with homeless beggars digging through the garbage. Simply stupendous. They have no food, but they can sign up for Medical (California's version of Medicaid) and spend their time roaming about the parks stoned on dope dressed in rags. Drug addicts make good slaves. This is the price of "free healthcare" and government regulation. This is the cost of socialism!
You cannot efficiently manage a nation of 320 million people on the Public Option or Universal Care. The bungling bureaucrats will bankrupt the nation out of sheer incompetence and corruption. "Welfare for the masses is the alibi of tyrants" quote Albert Camus.