Will: You say they have huge profits. As you know, confiscate all the profits of all the health insurance companies, with those profits you could finance our healthcare for 48 hours. What you do for the next 363 days I don’t know. Second, you say there’s not enough competition? Fine, let them compete in a national market across state lines.
Reich: Yes, let them compete across state lines, fine. But not a race to the bottom. Set minimum federal standards because we’ve seen over and over again that the recipients of health insurance don’t know what they are buying very often. Until there are common standards, minimal standards, then people are going to be taken. And that is what’s happened over and over again.
Will: There you have the premise of this legislation and the core of today’s liberalism: the American people are such dopes they can’t be counted upon to buy their own insurance.
