new private firms that are presented below , to be more profitable?
The reason against a public option seems to be, if the Govt offers insurance for a really low price , then everyone will get rid of private insurance for government / public choice .
And thus all private insurers will go bankrupt and the Govt has a monopoly
.
But I do not understand is this :
What if that government monopoly itself eventually became too expensive?
Can not the new private insurance companies then jump up to force the price below the public option ?
