Monday, December 13, 2010
The Folly of Conceding too much
The basic premise of the law was that health care was to be provided by insurance. To achieve affordable rates, everyone must participate in the insurance pool. If not, only the sick and those with probable sickness in the future will buy insurance. No one will be able to afford the premiums. The whole structure will fall.
One news commentator noted that if the "public option" had been included in the law, there would be no legal requirement for everyone to buy insurance. Those who decline to buy insurance would instead join the "publilc option" group and pay into that. The pool would be filled with a natural mix of healthy and not so healthy individuals.
Mr. Obama may now be wishing that he hadn't caved to the desires of the insurance lobby in discarding the public option.