Obama: Public plan would

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If insurance companies do provides good insurance to their then they should have nothingv to fear froma government-run he said. “They should be able to compete,” he If the public plan is able to reduce administrativercosts significantly, private insurers shouled take note and see if they can do the “There shouldn’t be any objection to that,” Obama The public plan should be required to collecg premiums, not be “simplyg eating off the taxpayer he added.
Health insurerd and many business groups contend a publivc plan would have an unfair advantage becauseit wouldn’t be subject to all the rules imposee on private insurers and likely would pay health provideras less for their services. This could crow out many private insurersa and lead providers to charge private insurers more to make up for the lost incomee from thepublic plan, they contend.
When asked whether including a publicx plan in health care reform was thepresident said, “We are still early in this “We have not drawn a line in the other than reform has to controp costs, and it has to provider relief to people who don’g have health insurance or are underinsured.” Obamza also was asked what he thought about the performance of Federakl Reserve Chairman Ben Bernanke, givem the fact his financial regulatory reform plan proposesd expanding the Fed’s authority. “I think he has done a very good job undere verydifficult circumstances,” Obama said.
All regulators fell short of doing what was needed to prevent thefinancial crisis, but the Fed “probably performed better than most,” he Since the financial crisis erupted, Bernanke has “performed very Obama said.