One, the public plan, as the president said the other day at the press conference, is about competition. And one of the things the insurance system lacks today is competition. OK? It doesn’t exist. The most efficient competitiveness in in the insurance industry is the federal healthcare plan, because it has an organized market.
Now a lotta this discussion, and I hope I’m not switching too fast on you, is focused on the public plan, but it’s done in conjunction with the ru – what should be, as equally discussed, is the rules that you’ll structure around the exchange. The public plan will exist in the exchange. And how you set up the rules of that exchange, like what the federal healthcare plan does, which is an exact model here, or a good prototype, allows you to control costs. So it’s not just a public plan. It’s a public plan in conjunction with regulated, structured – we call it an exchange, in other words, it’s just a fancy word for a marketplace. A public plan – ya know, the president was quite clear about not just having a subsidized federal dollars.
But a nonprofit like the old kind of Blue Cross that competes on that basis allows, I think, a real comparative choo - choice process to go out for the consumer. If the public plan says here’s what a basic healthcare cost will be, here it is, then the consumer can go through and look at the Blue Cross, look at Wellpoint, look at all those other plans, and do comparative shopping that they can’t do and don’t do today. So I would say, I’ve said they work in conjunction.