Schumer promises public option in healthcare bill
The major sticking point between Democrats and Republicans on the Finance Committee -- and throughout Congress -- has been the public option. Democrats maintain that a not-for-profit, nationwide alternative to private insurance must be made available to "keep the insurance companies honest," Schumer said. "We don't trust the private insurance companies left to their own devices and neither do the American people." Full Story »
Posted by Derek Hawkins
If insurance companies insured everyone, and at a fair price, then there would be no need for this. Without this competition, most private insurers won’t be motivated to change their current policies.