Private Health Insurers Can't Compete With the "Public Option": Medicare | Mother Jones

"In case you had any doubts, here’s the real reason why insurance companies don’t want health care reform to include a so-called public option: These champions of freemarket capitalism know that they simply can’t compete with a government-run plan."

Survey results demonstrate that Medicare beneficiaries are less likely than those with private coverage to report negative experiences with their insurance plans — including having expensive medical bills for noncovered services, being charged a lot more than insurance would pay, and physicians’ not taking their insurance….

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