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Originally posted by TheRedneck
The present plan being bantered through Congress mandates insurance coverage by every person in the US. It does not give you free health care; it gives you another bill. So if you are not insured now because you can't afford it, guess what? You now will be able to pay that bill you can't afford, even if it means you get the privilege of going without such luxuries as eating, and quite possibly you'll get to also pay a hefty fine if you're late paying that bill. In the meantime, those insurance companies will be enjoying the windfall of 100% mandated customer participation.
To remove profit from the equation.
The reason for requiring everybody to have health insurance is because it ultimately reduces health care costs and also the cost of health insurance.
Here's where the public option comes in. The government will offer their own insurance plan as one of the options. As it isn't being run for profit, their prices will be low, probably lower than the rates the private insurers will charge, and they will cover almost every medical condition.
Now, under this plan, there would be absolutely no reason to spend more on insurance to get less coverage, would there? So exactly how many people do you think there would be that still carried private insurance? That's right: None. The insurance companies would stop even offering health insurance. So now we have one big happy insurer that covers everyone, the US Government.