Thursday, October 29, 2009

The Faulty Public Option Scenario

From The Atlantic:

"Suddenly, the public auction is the Charles de Gaulle of the healthcare debate:  resurgent, victorious, beloved by all.  I'm not sure I get it. The only way the public option saves money is by using fiat to slash reimbursement rates to some variation on Medicare reimbursements:  Medicare +5%, +10%, or whatever rate they finally settle on.  Otherwise, it's unlikely that the thing will even compete on an even basis with private insurers, who have a lot more experience managing billing, claims experience, and negotiations with providers."

Read it all here.

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