In the video, a (very cute!) CU-Boulder Poli-Sci and Marketing major named Zach Lane asks the president a very simple question:
We all know the best way to reduce prices in this economy is to increase competition. How in the world can a private corporation providing insurance compete with an entitiy that does not have to worry about paying a profit, does not have to pay local property taxes, they’re not subject to local regulations? How can a company compete with that?
And I don’t want generalities, I don’t want philisophical arguments.
The president then goes on to give generalities and philisophical arguments and completely bypasses answering Zach’s question. Are the people who still support this liberty-killing plan even listening to the lack of defense?
Here’s a follow-up question for Zach to ask:
“Mr. President, it sounds as if you’re not intending for the ‘public option’ to operate any differently whatsoever from the example you gave of Blue Cross/Blue Shield, which is also a non-profit entity. What then, would the point be, considering the hundreds of health insurance companies available in the United States, of having one more that is ostensibly no different?”
And another follow-up:
“Mr. President, are you willing to insist that your ‘public option’ abide by exactly the same regulations that every other insurance company in America currently does, derive NO benefit from being attached to the federal governemnt, and allow it to sink or swim on those merits?”
I’ll wait over here for those questions to be answered. Given how reticent he is to answer Zach’s very simple question, however, I’m not going to hold my breath.
-Nick (ColoradoPatriot, from HQ)