By Hootsbuddy
Al Capone famously said "You can get further with a kind word and a gun than with a kind word alone." The same sentiment was behind TR's "Speak softly and carry a big stick."
Publius has a few links (Kaus, New Republic, Ambinder) pointing to the simplest reason to retain a public option.
The argument is fairly simple. Any type of reform is going to require a lot of regulatory oversight. That means detailed regulations, lots of regulators, etc. If, however, the country had a public option, the insurers would suddenly have a market incentive to comply with these requirements without so much regulatory coercion and administrative costs.
In this respect, the public option actually reduces the need for government -- and reduces the threat of agency capture and other public choice-ish problems (especially at the state level).
The concept is too simple to get attention so I'm not optimistic it will get a hearing.
The insurance cartel seems to be winning yet again.
Looks like health and insurance reform is turning out to be kind words (and reams of government-speak mouseprint) without a gun.
Wonder how that's gonna work out?
He's been out of office for years, but we can score another one for the Gipper.
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