"Opponents of the public option plan have warned that if the government gets into the business of offering subsidized health insurance coverage, the private insurance market will wither. Drawn by a public option that will be 30% to 40% cheaper than their current premiums because taxpayers will be funding it, employers will gladly scrap their private plans and go with Washington's coverage.
The nonpartisan Lewin Group estimated in April that 120 million or more Americans could lose their group coverage at work and end up in such a program. Leaving private insurance to 'fizzle out altogether' according to John Sheils." Visit:
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- It's Not An Option:
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