Saturday, August 15, 2009

President Repeats Post Office Gaffe in Colorado

Earlier today in Colorado, a student asked the President how an insurer can possibly compete with a public option that has no requirement to meet expenses that private insurers meet. The young man was willing to debate "Oxford Style" which gave the Obama quite a laugh. While explaining that he believed it was possible to create a public option that would be required to compete on the same level playing field insurers must, Obama reverts to the example of UPS and Fedex doing much better than the US Postal Service.

The President clearly admits that unless all barriers could be removed to permit a quasi public/private insurer to complete on a level playing field with private insurers there would be legitimate concerns about competition with a public option. I will be interested in seeing if these barriers can indeed be addressed. Fannie Mae and Freddie Mac might benefit from the imposition of such restrictions as well.

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