How will health care insurance public option resemble Fannie Mae mortgage public option?
Fannie Mae was supposed to improve access and affordability of mortgages for those who otherwise “could not afford” mortgages on the terms of free markets. The terms like 20% down and 35% max payment share of income.
Instead Fannie Mae destroyed all other competition, grabbed over 50% of the market to the tune of $5 trillion, cost the taxpayers $250 billion already and counting, as well as caused economic collapse worst wince WWII and also the very same people who were supposed to benefit instead lost their homes and money too.
Why should health care insurance public option be any different?
Great points. It would differ only in that healthcare then gives a govt mandate and leverage to take more of our libertys and control more of the private sector in the name of “savings in healthcare costs.”
Also the bank only got to take your home. Govt helathcare takes peoples lives! (as evidenced from all the other industrialized nations where the govt does most of the healthcare spending) People literally die in ER’s and kids go without things like wheelchairs because of govt rationing!
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