Sunday, July 18, 2010

The Debate Over the Public Health Insurance Option

There has been too much of debate over which is the right health care reform to be implemented in the United States.

These debates have cross party lines and are heating up as the general public is getting involved in the debate. The main sticking point is the public health option being put forward in order to have a meaningful reform that affects millions Americans. But then there are too many things to sort out so that we can have a better picture as to the advantages and disadvantages of a public option.

The contention of those who are in favor of the public option is that it will make health insurance more affordable and available to millions of Americans. Most of the more 40 million Americans either lack health care insurance from their employers or they simply cannot afford it. Making it more affordable is the main goals for the reform so all these people that were not able to get coverage before will now have health care coverage. It is ideal in the sense that it will provide affordable health insurance for many poorer families.
On the other hand you those people who oppose such government program or corporation to undertake or underwrite this coverage. The other drawback to this is that private insurance companies might be hard hit and go under or go bankrupt.

If you have a government Run Corporation competing with the private sector will have benefit as it will neutralize the high premium rates charge by private companies.

But then if the private sector cannot compete, it will because low cost rates from the government run insurance, it will eliminate competition and thus become a government monopoly. The government run corporation will take over the whole industry and that is not good for the both the industry and the economy. It is indeed very tough to determine what will become of this proposal should it pass through congress and that public option health will be available.

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