The health care reform compromise that centrist Democrats and several Republicans have indicated they'd support has shown an inability to effectively lower premiums for consumers, a newly resurfaced government study shows. Full Story »
Posted by Dwight Rousu
Stein adds in the GAO report to the health care discussion. He pops the balloons of the hot air specialists proposing co-ops.
The U.S. General Accounting Office produced a report on cooperatives in March 2000 that was mostly sour on the idea. Using five different co-ops as examples, the study concluded that on the key function — lowering the cost of insurance — these non-profit insurance pools came up well short.
Co-ops are typically full of chicken po-ops. They are a distraction, an ineffective waste of time and money.