I believe the market has not produced an adequate solution to the problem of providing low cost health care to all US citizens. Some people far smarter than you may argue thats because of government regulation in the first place. It doesn't matter, the system is broken and a public plan, is not by itself, more regulation.
I'll take a crack at this one.
Well first of all the market has not produced an adequate solution for a few reasons:
1)There is no competition. Companies are bound to their individual states and highly regulated. It's much easier to do price fixing/collusion on such a small scale. Open up the national market, and watch as they start undercutting eachother and creating specialized plans to scoop up the new supermassive low-end insurance demographic.
Beyond that is with how regulated the marketplace is, it's much safer to stick to the status quo than introduce something new. New things are liabilities.
2)Consumers can't really "vote with their money" as the marketplace demands in cases of recissions. A recission plus the policies towards pre-existing conditions means you're out of luck. No second chance.
#2 can be easily regulated the same way any other industry is. And by solving #1, you counteract the price hike that would occur otherwise.
But #1 is the most important of the two because of what it implies, and the fact that the market could possibly fix #2 with no regulation whatsoever if competition was actually restored.
But what it implies is that our legislators have sold us out. As evidenced by the Baucus bill as well. It was written by the insurance industry, and advertised by the pharma industry.
So here's the question I'd ask you conv3rsion: Acknowledging that the problem likely originated with the government being in bed with pharma(and this bill most certainly was a result of that) would you trust them to negotiate reasonable prices for pharmaceuticals? Is it possible to do so while the industry they're negotiating with on behalf of us is also funding their campaign?
There is no voting for big business or voting for big government. They're one and the same. Expanding government control directly expands the level of influence monopoly-sized companies have over them. And increases their incentive to gain more power within the government.
After all, the only thing companies can't do that the government can is legislate. So how big of a competitive edge is that shit?