Watching the debate in the Senate's Finance Committee (streaming online), it's clear that passing a public option as part of the health insurance reform bill is absolutely essential.
Sen. John Kerry just nailed it.
Private insurance plans spend 25-30% of premiums on administrative costs and making outrageous profits. So what's wrong with allowing citizens to choose a more efficient public plan that spends much more of our premiums on providing health care?
Two-thirds of Americans support a government-run health insurance plan as an alternative to private insurers. So vote for it, Finance Committee!
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Yes, this is a no-brainer. Abt the only financial firm I trust is Vanguard-a non-profit.