Think a health care public option is just some communist plot to send all old people to death camps? Well, I have a barometer for you on just how important this option is to reduce costs on health care....The Stock Market.
While the broad market was slammed, shares of large health insurers rallied as the Obama administration apparently backed off its plan to give Americans the option of signing up for a government-run health-insurance option. See full story on prospects for a public option.
"Health care can outperform in a declining stock market, but what's going on today is that investors have a growing belief that a public plan will not be part of the final solution," said John Sullivan, director of research at Leerink Swann, a health-care investment bank.
"If a public plan is not part of the solution, that's good news for managed care," he added.
I suggest clicking on the article link and start tracking on those health sector stock tickers if you do not believe health insurance company lobbyists and big pharma are going to make out like bandits. This is what the debate is really about...not getting you health care, but protecting their profit margins.
Warren Buffet just bet the American people will get screwed on health care. The United States pays over double what every other industrialized nation pays for health care. It's pretty clear these for profit health sector interests want to keep it that way.