Sunday, November 8, 2009

Why The Public Option Is Crucial

A brief reminder about why a public option in health care is so important:

Insurance companies are in business to make money, or financially profit from their work. The time-honored way of maximizing profit is straightforward: increase income and reduce costs. In terms of health care, this translates into raising the cost of health care to businesses and consumers, and turning away or refusing to pay for as many claims for health care as are legally permitted. In other words, a health care system motivated only by profit is bound to cost more and do less for the population as a whole.

Good things can and do come from private enterprise in health care - in stimulating research and increasing patient choice. A public option won't limit that - it will only offer health care to Americans locked out of the profit-making system, and provide more choices for people who already receive health care.

See also Private, For-Profit Health Care Is Self-Contradictory
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