"But an additional step we can take to keep insurance companies honest... [View All]

[leftstreet]

...is by making a not-for-profit public option available in the insurance exchange."

So what's left in the bill to keep insurance companies honest?

:shrug:

THE WHITE HOUSE
Office of the Press Secretary
_________________________________________________________________________
For Immediate Release                                                September 9, 2009
REMARKS BY THE PRESIDENT
TO A JOINT SESSION OF CONGRESS
ON HEALTH CARE
U.S. Capitol
Washington, D.C.

Now, I have no interest in putting insurance companies out of business.  They provide a legitimate service, and employ a lot of our friends and neighbors.  I just want to hold them accountable.  (Applause.)  And the insurance reforms that I've already mentioned would do just that.  But an additional step we can take to keep insurance companies honest is by making a not-for-profit public option available in the insurance exchange.  (Applause.)  Now, let me be clear.  Let me be clear.  It would only be an option for those who don't have insurance.  No one would be forced to choose it, and it would not impact those of you who already have insurance.  In fact, based on Congressional Budget Office estimates, we believe that less than 5 percent of Americans would sign up.

http://www.whitehouse.gov/the_press_office/remarks-by-the-president-to-a-joint-session-of-congress-on-health-care/