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New at Reason: Ron Bailey on the Beginning of the End of Private Health Insurance
President Obama and leading Democratic
lawmakers like Sen. Edward Kennedy (D-Mass.) are pushing to create
a government health insurance scheme to compete with private health
insurance. It will cost less because the feds will impose price
controls on doctors and hospitals. Attracted by cheaper government
insurance, employers will dump their employees into the government
plan. By one estimate the number of Americans with private health
insurance will fall from 170 million today to fewer than 50
million. Science Correspondent Ronald Bailey explains that once the
vast majority of Americans are covered under various government
"insurance" plans, the push to go all the way toward universal
coverage will likely be irresistible.
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