Public Option would charge higher rates ??? - rec.sport.football.college

Message from discussion Public Option would charge higher rates ???

Ben Stewart

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More options Nov 5 2009, 1:52 am

Newsgroups: rec.sport.football.college

From: Ben Stewart <benjstew...@msn.com>

Date: Wed, 4 Nov 2009 16:52:55 -0800 (PST)

Local: Thurs, Nov 5 2009 1:52 am

Subject: Re: Public Option would charge higher rates ???

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On Nov 4, 5:48 pm, StephenJ <sjar...@cox.net> wrote:

> .. Funny, but i've been told by all the socialists around here that
> without the "profit motive" and the "excessive pay for fat-cat
> executives", a public option would charge much lower rates than the
> typical private insurance plan, which after all does nothing but
> "write checks" and collect monopoly-profits.

> But the CBO seems to think otherwise. Go figure:

> http://www.cbsnews.com/blogs/2009/10/30/politics/politicalhotsheet/en...

Wow. It also says:

"By contrast, premiums for a "robust" public option -- one that
offered Medicare rates plus 5 percent -- would be cheaper than private
plans on the exchange, even taking "adverse selection" into account,
according to a recent study by the Centers for Medicare and Medicaid
Services.

"We estimate that the public plan would have costs that were 18
percent below the average level for private plans but that the public
plan premiums would be roughly 11 percent lower than private as a
result of antiselection enrollees," the CMS wrote."

So I guess you'd be in favor of a robust public option, right?

You are just so simple sometimes.

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