Why Rockefeller Says No To BaucusCare
Ezra interviews Rocky:
[EZRA:] Can you support the Finance Committee bill in its current form?
[ROCKEFELLER:]No.
[EZRA:]Why?
[ROCKEFELLER:] There are a number of big things. The Children's Health Insurance Program is put into the exchange. That's like putting it into a farmer's market. It loses its defined benefits. And children need defined benefits. Obviously the public option. I feel very strongly about that as a discipline on the private health insurance market. The public health insurance option doesn't have to make a dime. It doesn't have to make Wall Street happy or shareholders happy. It just has to sell a product at cost. That will put pressure on private insurance companies to bring down their premiums. [MORE . . .]
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