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Old 09-04-2009, 12:14 PM
 
20,187 posts, read 23,864,594 times
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I keep hearing Liberals, Socialists, and Democrats keep saying that the public option is "self-sustaining"... how is a program "self-sustaining" when it RELIES on taxes to keep operating? The private insurance companies RELY on insurance premiums to keep operating... the public option does NOT... I have yet to see a public option that relies ENTIRELY on premiums... so please tell me, how is the public option, "self-sustaining"?

 
Old 09-04-2009, 12:18 PM
 
42,732 posts, read 29,894,256 times
Reputation: 14345
My reading is that the public option does rely on insurance premiums. And that it also employs strict price controls.
 
Old 09-04-2009, 12:20 PM
 
Location: Santa Monica
4,714 posts, read 8,463,479 times
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Persons who choose the public option PAY PREMIUMS just like for private insurance. They will also likely pay LESS. That's why the insurance cos want NO PUBLIC OPTION because it will tend to put downward pressure on what charge. COMPETITION!
 
Old 09-04-2009, 12:21 PM
 
20,187 posts, read 23,864,594 times
Reputation: 9283
It gets premiums but it NEEDS... as in REQUIRES taxes otherwise it would NOT be "alive"... so now, it doesn't need premiums if you can increase taxes... IT needs the taxes but it doesn't need the premiums.. its platform is affordability... I think is DECEITFUL to say that it is self-sufficient... when government can cause lower premiums by increasing taxes, its called a monopoly... and that is illegal...
 
Old 09-04-2009, 12:21 PM
 
Location: Santa Monica
4,714 posts, read 8,463,479 times
Reputation: 1052
To the OP:
Let me google that for you
 
Old 09-04-2009, 12:23 PM
 
Location: Santa Monica
4,714 posts, read 8,463,479 times
Reputation: 1052
Quote:
Originally Posted by evilnewbie View Post
It gets premiums but it NEEDS... as in REQUIRES taxes otherwise it would NOT be "alive"... so now, it doesn't need premiums if you can increase taxes... IT needs the taxes but it doesn't need the premiums.. its platform is affordability... I think is DECEITFUL to say that it is self-sufficient... when government can cause lower premiums by increasing taxes, its called a monopoly... and that is illegal...
Did Lew Rockwell tell you to say that?

Are you happy being a tool of the insurance companies?
 
Old 09-04-2009, 12:23 PM
 
Location: Greenville, SC
5,238 posts, read 8,796,574 times
Reputation: 2647
It's not free, if that's what you think. To go on the public option would still require that you pay a premium. It's all the wackos out there that think it's a free program.
 
Old 09-04-2009, 12:24 PM
 
20,187 posts, read 23,864,594 times
Reputation: 9283
Hello? Where did I say it doesn't need premiums? EVERY SINGLE INSURANCE PLAN needs premiums... the public option ALSO needs tax dollars... that is not self-sufficient... that is a lie... note the word "ENTIRELY"...
 
Old 09-04-2009, 12:25 PM
 
Location: Greenville, SC
5,238 posts, read 8,796,574 times
Reputation: 2647
Quote:
Originally Posted by evilnewbie View Post
It gets premiums but it NEEDS... as in REQUIRES taxes otherwise it would NOT be "alive"... so now, it doesn't need premiums if you can increase taxes... IT needs the taxes but it doesn't need the premiums.. its platform is affordability... I think is DECEITFUL to say that it is self-sufficient... when government can cause lower premiums by increasing taxes, its called a monopoly... and that is illegal...
How is one option among thousands a monopoly?
 
Old 09-04-2009, 12:27 PM
 
42,732 posts, read 29,894,256 times
Reputation: 14345
Quote:
Originally Posted by evilnewbie View Post
It gets premiums but it NEEDS... as in REQUIRES taxes otherwise it would NOT be "alive"... so now, it doesn't need premiums if you can increase taxes... IT needs the taxes but it doesn't need the premiums.. its platform is affordability... I think is DECEITFUL to say that it is self-sufficient...
Basically it's a new insurance company in the market. And when you pay the premiums to it, it functions more like a co-op because it doesn't need to pay millions of dollars for ads during the Superbowl. It won't be underwriting golf tournaments or other sporting events. It won't be sending its agents to "educational seminars" in Jamaica or Italy. So while taxpayer funds may be involved in the initial start-up and pay-outs, it's dependency on taxpayer funds can be expected to go down over time, and it won't need taxes if the premiums can sustain it. Its platform is affordability. In much the same way as generic pharmaceuticals.
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