November 5, 2009
Expect less, pay more. It’s not the slogan for some “Bizarro World” Target store in a comic book; it’s an accurate slogan for congressional Democrats’ health care “reform” proposals. They include a new government-run insurance plan, mandatory insurance, new political controls on insurance, and new taxes.
Government-run health plan
You should expect less choice with a new government-run health plan, known as the “public option.” As economics professor Scott Harrington has noted, the public option would be the only option. It would unfairly compete with non-government insurers, which must comply with burdensome political controls that increase premiums. Millions of people would be herded to the government plan who did not choose it as an “option.”
It’s fitting that some House Democrats want to call the government program “Medicare Part E,” where “E” is for “everyone.” Before Medicare, retirees bought voluntary insurance in increasing numbers. Medicare killed this trend and soon monopolized the market.
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This article originally appeared on PajamasMedia.com, November 5th, 2009.