A Democrat Congressman from Florida just introduced a Public Option. Funny, it's not getting much air play on either side.
http://market-ticker.org/archives/2075-Alan-Grayson-Tossed-Out-A-Hardball.html
Posted by Karl Denninger in Health Reform at 14:20
Alan Grayson Tossed Out A Hardball
Now we're talking:
Congressman Alan Grayson, D-Fla., today introduced a bill (H.R. 4789) which would give the option to buy into Medicare to every citizen of the United States. The âPublic Option Act,â also known as the âMedicare You Can Buy Into Act,â would open up the Medicare network to anyone who can pay for it.
http://grayson.house.gov/News/DocumentSingle.aspx?DocumentID=175363#main
Ding ding ding ding.
If you're going to mandate that everyone have health insurance, then you have to provide a public option.
That is the only way you're going to keep people from being raped.
I still don't think this is Constitutional, by the way, but this much is clear: Medicare's premiums haven't been going up at 20, 30 or 40% a year.
Depending on the premium, I'm interested, and would likely dump my private insurance (which I have to pay for in cash) immediately were this to become law.
If we can't have the sort of four-point plan I've put forward in the past, this is the next best option.