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.
Umnnnhhh....
$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.
Maybe because many won't?
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