Some things I don’t understand!
I just don’t quite get the “public plan option” idea.
I read Jacob Hacker’s proposal for a public plan option again. Professor Hacker is a scholar with his heart in the right place, a rare combination. He gained my immense respect after I heard him speak about his book, The Great Risk Shift, a couple of years ago.
Professor Hacker makes a compelling case that a public plan is not only administratively more efficient than private plans, but that they have a convincing record of introducing large scale quality initiatives and payment reforms into the marketplace.
He then goes on to describe the dismal record of private insurers in comparison to public plans.
So why are the private plans an option if the public plans are superior?
That’s what I don’t get! Read the rest of this entry »