Wednesday, July 29, 2009

Socialized By Another Name

The Conrad/Grassley "alternative" to a Gummint-insurer?

Instead of including the public option, the bipartisan group is considering federally founded, not-for-profit, member-owned healthcare cooperatives that would compete with traditional insurance companies. Conrad, who has pushed this compromise, said the co-ops would receive $6 billion in federal start-up money and enroll 12 million people.


$6Bn at 6% is $360 million/year in cost-of-capital. So the Gummint 'will not put private insurers out of business,' but it WILL give this 'co-op' a $360 million/year subsidy.

SHHHHHHHHH!!! Don't tell anyone!!! Grassley and Conrad don't think you figured this out.

1 comment:

Billiam said...

Maybe because many won't?