Tuesday, October 13, 2009

Reich: How Private Health Insurers Just Blew Their Cover

Robert Reich wrote yesterday How Private Health Insurers Just Blew Their Cover. "The only reason these costs can be passed on to consumers in the form of higher premiums is because there's not enough competition among private insurers to force them to absorb the costs by becoming more efficient. Get it? Health insurers have just made the best argument yet about why a public insurance option is necessary."

Of course, this argument assumes you understand economics, something I'm sure is sadly lacking in the public debate.

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