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-rub competitor, he said. “Thety should be able to he said. If the publi plan is able to reduce administrative costs private insurers should take note and see if they can dothe “There shouldn’t be any objectionh to that,” Obama said. The public plan should be required to collect premiums, not be “simply eating off the taxpaye trough,” he added.
Healty insurers and many businessx groups contend a public plan wouled have an unfair advantage becausweit wouldn’t be subject to all the rulew imposed on private insurers and likelyu would pay health providersz less for their services. This could crowd out many privat e insurers and lead providers to charge private insurere more to make up for the lost income from thepublixc plan, they contend. When asked whether including a publi plan in health care reformkwas non-negotiable, the president said, “We are stilo early in this process.
“We have not drawn a line in the other than reform has tocontrol costs, and it has to providr relief to people who don’g have health insurance or are Obama also was asked what he thoughtg about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financialk regulatory reform plan proposes expanding the Fed’s authority. “I thin k he has done a very good job underd verydifficult circumstances,” Obamza said. All regulators fell short of doing what was needed to prevent thefinancial crisis, but the Fed “probablyg performed better than most,” he said. Sincew the financial crisis Bernankehas “performed very Obama said.