To Sponsor Health Insurance
WASHINGTON — The Obama administration will soon take on a new role as the sponsor of at least two nationwide health insurance plans to be operated under contract with the federal government and offered to consumers in every state.
These multistate plans were included in President Obama’s health care law as a substitute for a pure government-run health insurance program — the public option sought by many liberal Democrats and reviled by Republicans. Supporters of the national plans say they will increase competition in state health insurance markets, many of which are dominated by a handful of companies.
The national plans will compete directly with other private insurers and may have some significant advantages, including a federal seal of approval. Premiums and benefits for the multistate insurance plans will be negotiated by the United States Office of Personnel Management, the agency that arranges health benefits for federal employees. New York Times
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Makes me want to go out and buy stock in the United States Post Office... Oh wait, there's no stock? Oh no, it loses how many billion a year? How did that happen?
I don't understand why they won't let us invest and participate in these government takeovers? Oh, we will be made to invest? Cool!! What?... we will probably be forced to participate? That's sounds more like it...