Obama: Public plan would

sucujovide.wordpress.com
If insurance companies do provide good insurance totheirr customers, then they should have nothint to fear from a government-run he said. “They should be able to he said. If the public plan is able to reduce administrativrcosts significantly, private insurers shouldc take note and see if they can do the “There shouldn’t be any objection to that,” Obama said. The public plan should be required to collect notbe “simply eating off the taxpayer he added.
Health insurers and many business groupsd contend a public plan would have an unfair advantagw becauseit wouldn’t be subject to all the rulex imposed on private insurers and likelyt would pay health providers less for their services. This could crowrd out many private insurers and lead providersa to charge private insurer s more to make up for the lost income from thepublicd plan, they contend. When asked whether including a public plan in healthg care reform was thepresident said, “Wde are still early in this process.
“Ww have not drawn a line in the sand, other than reform has to controll costs, and it has to providre relief to peoplewho don’t have healtbh insurance or are underinsured.” Obama also was asked what he thought aboutf the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financial regulatory reform plan proposeas expanding the Fed’s authority. “I thino he has done a very good job undere verydifficult circumstances,” Obama said. All regulators fell shor t of doing what was neededc to prevent thefinancial crisis, but the Fed “probably performed better than most,” he said.
Sincw the financial crisis erupted, Bernanke has “performesd very well,” Obama said.