8th December 2009, 10:19 PM
Quote:And private insurance companies would face stringent new regulations, including a requirement that they spend at least 90 cents of every dollar they collect in premiums on medical services for their customers.
This is actually not a bad idea.
There's no talk about how to control the base costs, though, and that's really the fundamental problem. The reason the industry is so precarious, and the reason why some people won't be covered, is because the cost of doing business is greatly inflated.
I'd actually almost support a public option if I had any confidence that it would break the hegemony instead of supplanting it.
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