Public Option Health Care Plan Saves Money | Oliver Willis
No reason not to do it.According to a pair of Capitol Hill sources, preliminary estimates from the Congressional Budget Office suggest that a strong public option–the kind that the House of Representatives is putting in its reform bill–should net somewhere in the neighborhood of $150 billion in savings over ten years.
The sources cautioned that these were only the preliminary estimates, based on previous discussions–that CBO had not yet issued final scoring on language in the actual bill. But the sources felt the final estimate would likely be close.
For those who think it’s a bad idea, I just say – look at what you are trying to defend. Our health insurance industry CEO’s are the Robber Barons of modern times. They make more money when they raise premiums and reject claims, while not covering pre-existing conditions. Any individual can make as much money as they want, but we are responsible for telling them how much of ours they can have. It’s time to pull the plug on their windfall.