Going Public?

" Ed right now the president United States got a few good public option back in play seems to have the votes in the Senate he certainly has in the house. And now was Americans opened up the yeah well most Americans with health insurers have open enrollment and they see a much more it's gonna cost. They say my raises gun it's time maybe for this healthcare reform do you think the timing --"

" timing is right for the reasons that you layout but the reality is -- you know no one knows what the public option how it's gonna work what's gonna cost."

" It has not been thought that sounded out and congressional budget."

" And the idea that the federal government can run anything cheaper than the private sectors beyond my comprehension. Has been for decades in and around government."

" You Amtrak is a failure it was going to be a are paid for itself just what does the 1970. The post -- loses billions and billions of dollars a year."

" You know an idea that Wallace -- you're gonna create a government -- it's going to be able to compete with insurance companies. Cheaper. The only get cheaper as taxpayers pay more and bigger entitlements for."

" Oh of course of course I mean it it will be cheaper because -- have no competition. Because -- would drive the private insurance companies. Out of business or like with the post office and first class mail they'll make it a crime and yet you know that if UPS. Or are or FedEx tried to deliver something overnight. For 43 cents for lesson of course to first class mail they get arrested."

" Yeah absolutely not but there's no way to do it that cup which essentially a 40%. But this subsidy is is enormous."

" Right. Ed Rollins I let's get into the nuance of this and we'll talk about the next half hour and of course as we leave. But one thing it is they are bringing up as a trigger that to senator Olympia Snowe says if there's certain thresholds that are crossed the public options becomes. Becomes relevant if -- goes into action but it private insurance stays in line with these thresholds. It doesn't happen. And the other option is states opt out Nebraska doesn't want it -- out Iowa wants it they arrange it how to both scenarios play out with the."

" Well it's ignorant to want competition."

" They let insurance companies go cross state lines. You basically you look at Kaiser in California. Compete in New York you that blue cross capital care award in DC. Compete wherever -- so chooses. And bring immediate real competition by people in the business you you lower cost because. There's significant companies would have done this for a long time. Putting -- public option and basically create either subsidized unity which she -- in all probability will be. To compete with the private sector. It'll warn that it wouldn't create a new bureaucracy. Obviously to -- this would be enormous cost me. You -- you read the bill was significant that a couple billion dollars up on. You know this set up a private company or government company and to."

" And -- the end of the day is the goal which is by action rumors and others Tuesday at a national Medicare. The dilemmas that they face today in health care will be minimal compared Islam in the --"

" Because Medicare pays about 85%. To. Or 80% of what private insurance to."