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Government Insurance Plan Will Dominate Market, Senate Republicans Warn
Posted By admin On October 27, 2009 @ 1:01 pm In Washington Politics | Comments Disabled
October 27, 2009
[efoods]Senate Republicans sounded the alarm over government-backed health insurance Tuesday, saying Majority Leader Harry Reid’s decision to stick the public option back into his bill could create a government-dominated insurance market.
As liberal Democrats cheered Reid’s decision, Republicans warned that new taxes on insurers will lead to a rise in private plan premiums that they predict will give the government plan an unfair price advantage — potentially drawing millions into it whether the customers want it or not.
“Whether you get insurance from your employer or whether you buy it on your own, your premiums go up,” Senate Minority Leader Mitch McConnell said.
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