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Health-Care Reform Should Not Include a Public Insurance Plan


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Fully produced report in MP3 format:
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(74 seconds)


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(OPEN):
EARLIER THIS WEEK [THE WEEK OF OCTOBER 26TH], SENATE MAJORITY-LEADER, HARRY REID, ANNOUNCED HIS INTENTION TO INCLUDE A PUBLIC INSURANCE-PLAN IN THE MERGED SENATE HEALTH-CARE-REFORM BILL.  BUSINESS ROUNDTABLE PRESIDENT, JOHN CASTELLANI, EXPLAINS WHY HIS ORGANIZATION THINKS THE MOVE IS A BAD IDEA...

(CASTELLANI):
"THE PUBLIC PLAN HAS--IN OUR VIEW--MANY PROBLEMS:  DEPENDING HOW IT'S STRUCTURED, IT WILL SIMPLY SHIFT--RATHER THAN REDUCE--COSTS--AND WILL STIFLE THE INNOVATION THAT WE NEED TO CONTINUE IMPROVING OUR HEALTH-CARE SYSTEM.  SINCE IT'S DRIVEN BY COST, THE PUBLIC PLAN WILL HAVE NO INCENTIVE TO EXPLORE AND SUPPORT NEW TREATMENTS AND TECHNOLOGIES THAT IMPROVE THE QUALITY AND DELIVERY OF CARE.  IN CONTRAST, THE COMPETITIVE, PRIVATE MARKET WILL CONTINUE TO DO JUST THAT--IMPROVING CARE FOR ALL.  INSTEAD OF A PUBLIC OPTION, WE BELIEVE THAT THERE CAN BE GREATER COMPETITION, BY EXPANDING THE MARKETPLACE, AND GETTING MORE PRIVATE PLANS TO COMPETE, WITH NEW INSURANCE-MARKET RULES.  WE DON'T SUPPORT THE PUBLIC PLAN.  BUT, WE ARE COMMITTED TO WORKING WITH SENATOR REID, AND THE CONGRESS--AS WELL AS WITH PRESIDENT OBAMA--TO CREATE HEALTH-CARE REFORM THAT WILL PROTECT THE COVERAGE THAT AMERICAN WORKERS, AND THEIR FAMILIES, ENJOY TODAY--WHILE REDUCING COSTS, AND SIGNIFICANTLY IMPROVING DELIVERY OF MEDICAL CARE.
"

(CLOSE):
FOR MORE INFORMATION, VISIT "BUSINESS-ROUNDTABLE"-DOT-ORG.



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