Approximately 114 million Americans are expected to leave private health insurance. Why? Their employers will drop the insurance because the taxpayer-subsidized plan will be 30 to 40 percent cheaper. This action will collapse the private health insurance market, and then the Federal Government will own the health provider game.
As stated before, I'm no economist. I took Micro Econ in college and made a solid B in the class, but that's it. However, I'm well away the first thing that you don't do when attempting to prevent someone from selling their product is telling their potential customer base that the new product is going to be less expensive.
Bachman's rationale appears to be that the higher the price, the better the care. This is about a valid a standpoint as saying that simply because Fox"News" has higher ratings that their reporting is proportionally more accurate and fair. The same excuses have been given in relation to the Bush administration's policies and how they have kept us "safe". I can take the standpoint that I have worn the same pair of shoes all year and haven't gotten cancer, so that must mean that Etnies prevent cancer in 100% of studies.
But lets postulate for a moment that all the hypothetical set that Bachman has mentioned are considering leaving their current provider for the government plan. Wouldn't that cause their current provider to lower their rates? Isn't this how businesses keep their customer base, incentives?