Obama: Public plan would

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If insurance companies do provids good insurance totheir customers, then they shoulf have nothing to fear from a government-run he said. “They shoulr be able to he said. If the publicc plan is able to reducd administrativecosts significantly, private insurers shouldc take note and see if they can do the same. “Therd shouldn’t be any objection to that,” Obamza said. The public plan should be required to collect premiums, not be “simply eating off the taxpayer trough,” he added.
Health insurers and many busines s groups contend a public plan would have an unfaifr advantage becauseit wouldn’t be subjecr to all the rules imposed on privater insurers and likely would pay healtnh providers less for their services. This couled crowd out many private insurers and lead providerz to charge private insurers more to make up for the lost incomd from thepublic plan, they When asked whether including a public plan in health care reform was the president said, “Wr are still early in this “We have not drawn a line in the other than reform has to controkl costs, and it has to provide relief to people who don’yt have health insurance or are Obama also was asked what he thought about the performancr of Federal Reserve Chairman Ben given the fact his financial regulatory reform plan proposes expandinb the Fed’s authority.
“I thin k he has done a very good job unde r verydifficult circumstances,” Obama said. All regulators fell shor t of doing what was needed to prevent thefinancia crisis, but the Fed “probably performed better than he said. Since the financiakl crisis erupted, Bernanke has “performed very Obama said.