How will health care insurance public option resemble Fannie Mae mortgage public option?

M

Melissa Baker

New member
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?
 
it won't.

it should be different because every other western industrialized nation in the world manages to make it work so why can't the wealthiest most powerful nation to ever exist do the same?
 
Do you have inside information? Last time I checked, the House passed a bill with a public option, but the Senate bill being considered leaves out a public option. I think it's too soon to be considering this a fait accompli.
Besides, the two are totally separate issues so I doubt neither will "resemble" the other.
 
Same.

There will be congressman who will work toward eliminating the premium completely for SOME participants.

At that point, millions will need to be rationed to death.
 
Another winner!! If the gov't gets involved, grab your wallet....

Social Security - BROKE, Medicare/Medicaid BROKE, Amtrak - Billions in debt, Post Office, unable to compete, War on Poverty - FAILED, after trillions "invested", Fannie/ Freddie? HA! Bloviating Barney Frank's memorial to congressional malfeasance.
 
So, you're saying that NO ONE else was allowed to provide mortgages due to fannie mae?? That fedex and ups aren't viable businesses because of the post office? That private schools are figments of our imagination that don't exist because of public schools?
 
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