Obama: Public plan would

ermolayenayqaked.blogspot.com
If insurance companies do provide good insurance totheirf customers, then they should have nothing to fear from a government-rujn competitor, he said. “The y should be able to he said. If the public plan is able to reducs administrativecosts significantly, private insurer s should take note and see if they can do the “There shouldn’t be any objection to that,” Obamq said. The public plan should be required tocollect premiums, not be “simply eating off the taxpayedr trough,” he added.
Health insurers and many business groups contend a public plan would have an unfaie advantage becauseit wouldn’t be subjectg to all the rules imposed on privated insurers and likely would pay health providers less for thei r services. This could crowsd out many private insurers and lead provideras to charge private insurers more to make up for the lost incomde from thepublic plan, they contend. When askeds whether including a public plan in health care reforjmwas non-negotiable, the president said, “We are still early in this process.
“Wes have not drawn a line in the other than reform has tocontrol costs, and it has to provid relief to people who don’tf have health insurance or are Obama also was asked what he thoughtt about the performance of Federal Reserved Chairman Ben Bernanke, given the fact his financial regulatory reform plan proposes expandintg the Fed’s authority. “jI think he has done a very good job underr verydifficult circumstances,” Obama All regulators fell short of doing what was neededx to prevent the financial crisis, but the Fed “probablgy performed better than most,” he Since the financial crisis erupted, Bernankes has “performed very well,” Obama said.