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Obama Plan to Spell End to Private Insurance Market?

While Obama’s plan seems at first to offer citizens the choice of government sponsored insurance or prviate insurance, some feel that it will result in the phasing out of the private sector and ultimately full government control of the health care industry. This of course, will lead to higher taxes to pay for all of the currently uninsured Americans who cannot afford it on their own. Although private insurance will remain available initially, it will be heavily regulated in terms of cost and content as Obama stipulates what plans companies can offer. He will impose benefit mandates, which will drive up the cost of private coverage, leading more people to look to government provided plans. Do you think that Obama’s plans will lead to the end of the private health insurance market? Read more here

This entry was posted on Friday, October 31st, 2008 at 12:22 pm and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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