The letter came from America’s Health Insurance Plans and the Blue Cross Blue Shield Association.
“A government-run plan no matter how it is initially structured would dismantle employer-based coverage, significantly increase costs for those who remain in private coverage, and add additional liabilities to the federal budget,” said the letter from AHIP chief Karen Ignagni and Scott Serota, the head of Blue Cross.
“We do not believe that it is possible to create a government plan that could operate on a level playing field. Regardless of how it is initially structured, a government plan would use its built-in advantages to take over the health insurance market,” added the industry letter.
Obama was asked about this at his presser. He proclaimed that their statements “defy logic.”
You know what defies logic in my book? Paying $1 trillion to insure only one third of the uninsured.
(stay tuned for more on the presser)