Tuesday, June 30, 2009

More on Health Care

TPM notes that Health-Care Market Characterized By Consolidation, Not Competition. The short summary is that in many places one or two large health-care companies control the market in effective monopolies.

These companies would be damaged severely from getting their huge profits if there was a public option to compete against. As a result, such companies are pouring tons of bribes campaign dollars into Congress to convince them to not allow a public option.