Earl Pomeroy Supporting Public Option Because It Will Compete With Existing North Dakota Companies
Someone needs a lesson in economics 101 I believe:
The problem with this, of course, is that the government doesn’t compete. The government doesn’t have to make money like private insurers do. The government makes the rules that private insurers have to live by. Indeed, the bill Pomeroy is supporting would require that all citizens get their health insurance through a government health care exchange, and plans offered through that exchange would have to meet government exacting government standards. Meaning that even if you buy insurance through a private insurer the policy you get will have been formulated by the government.
This bill doesn’t create more choice in the markets. It creates less choice.
