. . . on College Loans
by Jeff Cohen
When President Obama signs the healthcare reconciliation bill on Tuesday, we can crow about a robust public option - en route perhaps to a more inclusive, cost-effective single-payer system. Soon, private profiteers (and subsidies to them) will be sidelined, and the government will save taxpayers billions by providing service directly to Americans in need.
Instead of moving to subsidize a bulky private industry and its waste, profits and exorbitant executive pay (as the new health bill does by mandating that millions become new customers of corporate insurers), the college loan reform reduces bureaucracy, profit and streamlines the system.
It's a far cry from the backroom deal-making Obama and top Democrats engaged in with lobbyists as healthcare reform got watered down, as even a weak public option got jettisoned and as private insurers and big pharma deepened their control over the system.
http://www.commondreams.org/view/2010/03/27-------------------------
The Democrats deserve praise for cutting out a wasteful middle man for student loans. Earlier in the week this aspect of insurance reform received well deserved attention at the top of the greatest page. Highlighting it again along with the irony.
Maybe we can get a robust public option in a banking reform bill.
Posting this but hoping someone with a lil more prestige posts it as well.