Congressman Alan Grayson, D-Fla., today introduced a bill (H.R. 4789) which would give the option to buy into Medicare to every citizen of the United States. The “Public Option Act,” also known as the “Medicare You Can Buy Into Act,” would open up the Medicare network to anyone who can pay for it.
http://grayson.house.gov/News/DocumentSingle.aspx?DocumentID=175363#main
Ding ding ding ding.
If you're going to mandate that everyone have health insurance, then you have to provide a public option.
That is the only way you're going to keep people from being raped.
I still don't think this is Constitutional, by the way, but this much is clear: Medicare's premiums haven't been going up at 20, 30 or 40% a year.
Depending on the premium, I'm interested, and would likely dump my private insurance (which I have to pay for in cash) immediately were this to become law.
If we can't have the sort of four-point plan I've put forward in the past, this is the next best option.
Read the original story at Karl Denninger - The Market Ticker
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