Reich: Don't believe the conventional wisdom about the public option being dead

http://robertreich.blogspot.com/2009/08/beware-authoritative-inside-washington.html

Reich: Don't believe the conventional wisdom about the public option being dead
by John Aravosis (DC) on 8/29/2009 05:15:00 PM

Robert Reich:

In addition, we've come to the point where health-care incrementalism won't work. To be sure, the health-insurance industry is powerful and will fight reforms that threaten their profits. But they won't fight if they know their profits will be restored when everyone is required to have health insurance. (This isn't just conventional authoritative wisdom; it's political fact.) Obviously, in order to require everyone to have health insurance, tens of millions of Americans will need help affording it. The only way the government can possibly pay that tab is to raise taxes on the rich while also getting long-term health-insurance costs under control. And one of the surest ways to get long-term costs under control is to force private insurers -- which in most states and under most employer-provided plans face very little competition -- to compete with a public insurance option that can use its bargaining clout with drug companies and medical providers to negotiate lower prices.

When you go through the logic, it starts to look a lot like comprehensive reform.

via:
http://www.americablog.com/2009/08/reich-dont-believe-conventional-wisdom.html

The media wishes it be so, anyway. but then again, when has the MSM really done their job for the people lately?