“Obama assures us that this is not government-run healthcare, that this is not a single-payer system, that the only consequence to these reforms is that healthcare will cost less and that anybody who denies this is misleading or does not understand the facts. Without his reform, he insists, costs will grow unsustainably, which will threaten reimbursements and the stability of the healthcare system.

Unfortunately, since Obama uses faulty logic to diagnose the problem, his solutions will only make matters worse faster. The correct framework within which to diagnose the problem is to admit that costs are out of control because they do not reflect prices created by the voluntary exchange between patients and providers, between customers and producers, like every well-functioning industry. -Gabriel E. Vidal”

:to expand upon this broken system through circumventing of the previous model nothing can be attained which benefits society in such that the former model had been any more successful.

http://mises.org/story/3543
http://mises.org/story/3428

Private enterprise is a powerful and useful force in society, and indeed it is the basis of the American economy, and almost every other country’s economy. However it isn’t the one-size-fits-all answer to every question. In the case of health insurance, the problems arising from profit-seeking private corporations include (a) denying coverage for pre-existing conditions, (b) unfairly denying coverage for valid claims by policyholders as a way of reducing their outlays (c) cancelling policies of customers who start costing them too much when they fall ill. I am strongly hoping that a public plan option, along with the rest of the reforms, will help us to address these problems.

And how did you come about the “profit-seeking private plans” lingo? Isn’t that what private enterprise is supposed to be about? Is this not a profit driven economy?

Invest? Isn’t that what the I.R.S. does, and yet to date I have not seen any indication of how my tax dollars were spent or used to help fund this bureacracy. From my view, taxes are used to fund programs such as Medicare and Medicaid, correct? The only possible way this reform would get funding is through taxation. Government has no weatlh, the federal reserve does. If those programs are not enough for the people who use them how will more taxation solve an already exacerbated problem?

The major reason for having a public plan option will be to create an alternative to the profit-seeking private plans so it can run on somewhat different rules as decided by the government, hopefully for the greater good of the people! Covering pre-existing conditions, not cutting off care from individuals when their medical bills become too great, spending less of its revenue on advertising and huge executive compensations and more on people’s health care.