Many thanks to Elizabeth Edwards, who was on the Daily Show last night (as if she is going to read an obscure Montana blog), for pointing out the obvious. I’m not going to show the clip, as this was but a small part of it, nor am I going to accurately quote her. I got the point, which I should have gotten from the beginning.
The recent initiative on the part of health insurance companies to cut back costs by $2 trillion was a response to the mere threat of a “public option” – of giving people an opportunity to join a public health insurance plan, like Medicare.
Imagine the savings if the threat became reality! Competition does that.
Imagine what it is going to cost us if the threat vanishes.