And even if you choose to keep your current insurance, you'd save anyway. HMOs and big insurance companies are the only game in town right now—so they overcharge us to boost profits and pay out CEO bonuses. If Obama's plan passes, they'd have to compete with it, and their prices would have to be more honest.
Lower premiums for us means lower profits for them, so insurance companies are putting extreme pressure on Congress to drop the public health insurance option. But Americans deserve to have this choice—and it's necessary to help rein in out-of-control health care costs.
Imagine how different things would be if we all had quality health care that costs up to 30% less than what we're paying now. Would you use the money toward college for a child? A safe retirement? Or maybe you'll finally be able to afford the treatment or medicines you need.
Thankfully, the public health insurance option is gaining steam in Congress. The 77-member Progressive Caucus recently endorsed the policy. And the chairmen of five critical congressional committees came out in support. Now we need to get the rest of Washington on board. Click below to
1."The Path to a High Performance U.S. Health System," The Commonwealth Fund, February 19, 2009
2. "Health Insurance Costs Outpace Wages," WebMD, October 23, 2008
3."The Path to a High Performance U.S. Health System," The Commonwealth Fund, February 19, 2009
"The Cost and Coverage Impacts of a Public Plan: Alternative Design Options," The Lewin Group, April 6, 2009
4."A Public Plan for Health Insurance?" The New York Times, April 6, 2009
5. "Obama Should Offer Public Health Insurance to All," The Progressive, March 13, 2009
6. "Progressive Caucus Draws a Line on Health Care," Open Left, April 2, 2009
7. "Democrats Agree on a Health Plan: Now Comes the Hard Part," New York Times, March 31, 2009