According to some of the flow charts explaining the public option, the
option will only be available for low income families who wouldn't be
able to afford health insurance otherwise. I really don't understand
why the insurance companies oppose this plan. It will not create
competition for them.
According this chart...
Public Option Explained
An uninsured family of 4 earning $30,000 per year could sign up
for the public option. Why should the insurance companies care?????
That family wouldn't be able to afford health insurance on the market
anyway. This is not going to take anything away from the insurance
companies.
Therefore, it is not going to increase competition to control costs.
Meanwhile, all the new regulations will cause the cost of insurance
to go UP. And those singles earning over $30,000 and families of
4 earning over $68,000 are going to see insurance costs rising
as usual. And, will they now be REQUIRED to buy the high price insurance?
According to this plan, they will have NO PUBLIC OPTION.
I hope this is not where we are going with this.
The public option should be an option for anyone of any income.
Otherwise, most of us will not see any change.