General Discussion
In reply to the discussion: You know why many people don't trust Obama? [View all]okaawhatever
(9,571 posts)and to include the public option. There were a lot of issues that came up during the negotiations. Here are a few:
Obama & the dems commissioned a study once they had an outline of the ACA and learned that only about 2 million people would use the public option. That was much lower than they had estimated, and 2 million could pretty easily be absorbed in other ways. They also learned that only about 3% of insurance premiums go to profit. Of the 2 million, many of those would be higher risk individuals who wouldn't qualify for a private plan, but having too many of the uninsurables on the public option would make it cost prohibitave. The provision of the ACA that covers all pre-existing conditions fixed that problem. Also, the state exchanges came about as an alternative to the public option. It gave people a way to "shop" various plans and keep their costs down.
And of course there was this:
The panels chairman, Sen. Max Baucus (D-Mont.), and four other Democrats sided with Republicans in opposing a public-option amendment offered by Sen. John D. Rockefeller IV (D-W.Va.). Baucus said he voted against the politically volatile provision because he feared that a bill including it would not get the 60 votes it would need to pass on the Senate floor.
Obama did fight for the public option including adressing congress on the house floor & holding rallies to generate public support. What he did instead was adapt to the information as it changed and get the people covered at roughly the same premiums. It was estimated that the public option would save $100 billion over 10 years. Obama got a concession from the hospital association of America that cut their rates $155 billion over 10 years. That made up for the lost revenue and the customers extra 5% in premiums.
You really should educate yourself on the issues.