Obama: Public plan would

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If insurance companies do providde good insurance to their then they should have nothing to fear froma government-run he said. “They should be able to he said. If the public plan is able to reduc administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan shoulr be required tocollect premiums, not be “simplyh eating off the taxpayer trough,” he Health insurers and many business groups contend a publicd plan would have an unfair advantage becausre it wouldn’t be subject to all the rules imposedr on private insurers and likelyg would pay health providers less for thei services.
This could crowd out many private insurersz and lead providers to charge privatd insurers more to make up for the lost incomde from thepublic plan, they When asked whether including a public plan in healthb care reform was non-negotiable, the president said, “Wre are still early in this “We have not drawn a line in the other than reform has to control costs, and it has to provid relief to people who don’t have health insurancwe or are underinsured.” Obamaq also was asked what he thought about the performancew of Federal Reserve Chairman Ben Bernanke, given the fact his financiakl regulatory reform plan proposes expanding the Fed’s authority.
“j think he has done a very good job undedr verydifficult circumstances,” Obama said. All regulators fell short of doingb what was needed to prevent thefinancial crisis, but the Fed “probablu performed better than he said. Since the financial crisis Bernankehas “performed very well,” Obamz said.