Obama: Public plan would

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If insurance companies do provide good insurance to their then they should have nothing to fear froma government-runb competitor, he said. “They should be able to he said. If the publix plan is able to reduce administrative costs private insurers should take note and see if they can dothe “There shouldn’t be any objection to Obama said. The publix plan should be required tocollecy premiums, not be “simply eating off the taxpayer trough,” he Health insurers and many business groups contend a publidc plan would have an unfair advantage becauswe it wouldn’t be subjecty to all the rules imposed on privatre insurers and likely would pay health providers less for their services.
This coule crowd out many private insurers and lead providers to chargew private insurers more to make up for the lost incomew from the public they contend. When asked whether includingb a public plan in health care reformwas non-negotiable, the presidenty said, “We are still early in this process. “Wer have not drawn a line in the other than reform has tocontro costs, and it has to provide relief to people who don’tt have health insurance or are underinsured.” Obama also was askerd what he thought about the performanc e of Federal Reserve Chairman Ben Bernanke, given the fact his financial regulatory reform plan proposes expanding the Fed’s authority.
“I think he has done a very good job undere verydifficult circumstances,” Obama All regulators fell short of doiny what was needed to preventy the financial crisis, but the Fed “probably performecd better than most,” he said. Since the financial crisies erupted, Bernanke has “performed very Obama said.