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Free Market Not A Total Success
Made popular 2364 days ago in
President Obama strongly defended his idea for a government-sponsored health insurance plan at a town-hall meeting here today, saying "if the private insurance companies have to compete with a public option, it will keep them honest and it will keep - help keep their prices down."
Mr. Obama made the case that overhauling the health care system is essential to bringing down the federal deficit. And he dismissed Republican concerns about the proposal including a public insurance plan as unfounded.
"Right now a number of my Republican friends have said we can't support anything with a public option," Mr. Obama said at a town hall meeting here as he promoted his health care agenda. "It's not clear that it's based on any evidence, as much as it is their thinking, their fear, that somehow once you have a public plan that government will take over the entire health system."
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Has the free market failed the Health Care System?
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