I haven’t paid too much attention to healthcare reform because I don’t think it will ever happen. While most people agree that the healthcare system needs to be reformed, everyone is scared that any attempt at changing it will make it worse.
The cynic in my predicts that the Public Option will end up drawing in a-lot of the high-risk patients, such as the elderly and smokers. As a result I would think that the Public Option would not have enough people paying premiums to cover those high-risk/high-cost patients, causing the Public Option to rely on taxing the rest of the nation.
However, I see the benefits of the Public Option. I do believe that access to affordable healthcare should be a right to Americans and documented immigrants (but not free healthcare). I am somewhat skeptical that the public option would save money by cutting down on the administrative costs through economies of scale because it’s not like the Federal government is known for being streamlined and efficient.
I’m also not sure if the competition of the Public Option would drive down the cost of private health insurance because, from what i understand, people who have healthcare plan through an employer would be precluded from choosing the Public Option. That would seem to eliminate a large portion of the the direct competition between private insurance and the public option.
Basically, I don’t have an opinion currently. I’m just skeptical.