Healthcare Bill Losing Support Because Public Doesn't Trust Gov't To Stop Spending, Says Bayh

During a news conference on Tuesday to introduce a new bill that would freeze all federal non-discretionary spending, Sen. Evan Bayh (D=Ind.) says that the healthcare bills in Congress are losing support in the public because Americans do not trust the government to be fiscally responsible. (:28)
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"Use Senate reconciliation and expand Medicare via the Senate’s buy-in provisions.

The CBO has already signed off on this as a means of saving money.

More importantly, if more Americans can do a buy-in with Medicare, it creates more cost control (because there’s a genuine “public option” competitor). It also helps to solve the problems of pre-existing conditions, because Medicare does not deny coverage on this basis.

Allowing a Medicare buy-in to Americans under 65 would give people a genuine alternative to private insurance and thereby render the pre-existing question moot.

It would also lower Medicare costs by expanding the risk pool of patients (the great bulk of medical expenses are accounted for by a small number of people, mostly the elderly, requiring very expensive treatment). And it would substantially enhance the global competitiveness of American corporations. After all, in what other country in the world is health care a marginal cost of production for business?" Marshall Auerback