Shep Smith Explains How Insurance Companies Benefit With No Public Option
Fox News anchor Shepard Smith takes on Sen. John Barrasso (R-WY): “Every vote against the public option is a vote for the insurance companies.” Barrasso disagrees.
SMITH: Over the last ten years health care costs in America have skyrocketed. Regular folks cannot afford it. So, they tax the system by not getting preventative medicine. They go to the emergency room in the last case and we all wind up paying for it. As the costs have gone up, the insurance industry’s profits, on average, have gone up more than 350%. And it is the insurance companies which have paid, and who have contributed to Senators and Congressmen on both sides of the aisle to the point where now we cannot get what all concerned on Capitol Hill seem to believe and more 60% of Americans say they would support, which is a public option. This has been an enormous win for the health-care industry, that is an unquestioned fact. But I wonder, what happens to the American people when we come out with legislation now which requires everyone to have health care insurance — or many more people — but does not give a public option? Therefore millions more people will have to buy insurance from the very corporations that are overcharging us, and whose profits have gone up 350 percent in the last ten years. It seems like we the people are the ones getting the shaft here.
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