pudge's Journal: Schumer Admits He Doesn't Know What "Level" Means

On Meet the Press this morning, Senator Chuck Schumer (D-NY) said:

[The public option] doesn't have to make a profit or merchandise as much, so its costs are probably 20 percent lower. But then, on a level playing field, it competes with private insurance.

Cross-posted on <pudge/*>.

Just one thing about this "non-profit" business...

[Qzukk]

There ARE non-profit insurers out there (eg a couple of the blue crosses). What they mean by "non-profit" is "losing money and subsidized by tax dollars".

Want a non-profit option? Modify the tax code to new charitable non-profit corporation with specific limits on the overhead allowed (ie 90% of donations must be converted into healthcare in some measurable way) and allow people to deduct TWICE their donations to it on their taxes.

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[pudge]

Could be worse, you could have Kennedy and Kerry, as I did.

Cantwell and Murray are no great shakes, either.

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