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Edited on Tue Dec-22-09 07:21 PM by Oregone
The Public Option was sold to "compete against" and "keep insurers honest", but it became an uncompetitive, level-playing field joke. The Public Option has surmounted to a big worthless distraction that shoved liberals onto a bandwagon that sold mandated, subsidized exchange to the country.
But with the anti-trust exemption in place, this bill spells bad news for the entire country. Do the fucking math. Seriously. If a shareholder expects their shares to yield x in dividends, and yet you control profits (via a premium to expense ratio), just figure out what insurance companies have to collectively agree to do to keep at least a per share yield of x (jack negotiated rates through the roof across the board). This exemption eliminates competition, and screws over the American people bad.
Any meaningful reform should have prioritized repealing it. Again and again people are reminded that this may be less than meaningful
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