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Once again, Wendell raises some really strong points that America needs to listen to. His words speak volumes. Having been an insurance insider myself for many years, sitting on many boards, and WAY too many Kool-Aid meetings, I echo his sentiments. Seems at the moment that the public option has strong support, but the fear tactics raised by the opposition are casting a large and ever growing shadow upon it.
We can not afford to kill reform like we did in the 90's. The entire economy is at stake. The public option is the ONLY thing that has made any sense since in decades. For goodness sake America - it's time to end the BUCA cartel!!!
"nonprofit co-operatives don?t stand a snowball?s chance of competing with those big companies and making a whit of a difference in the lives of the 75 million Americans who either have no insurance or have such marginal insurance they might as well have no insurance."
"Almost all metropolitan areas in the country?and states that are more rural than urban? are now dominated by just two or three insurers. It is impossible for even one of the other large insurers to break into a market dominated by its competitors."
"If CIGNA can?t overcome the huge barriers to entering that market, a nonprofit co-op wouldn?t have a chance."
"To be sure, health insurers take every opportunity to badmouth co-ops, saying they are a backdoor to socialized medicine. Their criticism is disingenuous. Secretly, they would love to have a bill that creates co-ops that won?t work instead of a single-payer or public option that has proven successful in other western countries."
Categories: Insurance, Healthcare, Consumers