Tony’s commentary appears in the Insurance and Financial Advisor Website. Here is his article.
Here is the definition of marketplace, as Tony mentions.
I think the primary issue with a public plan competing with private plans is that the public plan would have the ability to tax. Whether this is directly or indirectly, it doesn’t really matter. Fannie and Freddie were “public plans” which ended up costing the taxpayers billions of dollars (I’ve even read one estimate that the cost could exceed $1 Trillion). Further, the public plan (if Medicare is an indicator) would have the ability to mask it’s true cost to taxpayers by shifting administrative costs in a myriad of different ways.
