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The Public Option's Unfair Advantage? Gov't Bailouts - Michael Cannon

Complete video at: Michael Cannon, Director of Health Policy Studies at the Cato Institute, denounces a public option. He says a government backed health plan will gain an unfair advantage over the private market simply by being "a creature of Congress." ----- Supporters claim a new "government option" would compete on a level playing field with private health insurance. But a new lawsuit belies that claim. Since 1993, the Social Security Administration has effectively coerced seniors into enrolling in Medicare by decreeing that those who opt out of Medicare for private insurance must forfeit all Social Security benefits, past and future. Last month, a federal court acknowledged that federal law requires no such thing and that SSA conjured that requirement out of thin air "without public notice and comment." Kent Masterson Brown and Michael F. Cannon explain the relevance of Hall v. Sebelius to today's health reform debate. - Cato Institute Michael F. Cannon is the Cato Institute's director of health policy studies. Previously, he served as a domestic policy analyst at the U.S. Senate Republican Policy Committee under Senator Larry E. Craig (R-ID), where he advised the Senate leadership on health, education, labor, welfare, and Second Amendment policy. In addition, Cannon has worked as a health care policy analyst for Citizens for a Sound Economy Foundation in Washington, D.C. Cannon has appeared on CNN, CNBC, C-SPAN, Fox News Channel, and NPR. His articles have been featured in USA Today, the New York Post, the Chicago Tribune, the Chicago Sun-Times, and the San Francisco Chronicle. Most recently, Cannon coauthored the book Healthy Competition: What's Holding Back Health Care and How to Free It.
Length: 01:55


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