Orlando's moonbat congressman, Alan Grayson, wants to throw even more money down the Medicare rat hole:
"Congressman Alan Grayson, D-Fla., today introduced a bill (H.R. 4789) which would give the option to buy into Medicare to every citizen of the United States. The Public Option Act, also known as the Medicare You Can Buy Into Act, would open up the Medicare network to anyone who can pay for it.
Congressman Grayson said, Obviously, America wants and needs more competition in health coverage, and a public option offers that. But its just as important that we offer people not just another choice, but another kind of choice. A lot of people don't want to be at the mercy of greedy insurance companies that will make money by denying them the care that they need to stay healthy, or to stay alive. We deserve to have a real alternative."
Well, it's easy to compete when you can operate at a perpetual, taxpayer funded loss and are making all the rules. Medicare is not only broke, but suffers from levels of fraud that would put any private insurer out of business, which is the ultimate goal of all these harebrained schemes.
Additionally, the government already accounts for around 50% of the health care system and the losses from its underpayments to doctors and hospitals are shifted to private insurers.

"According to the most recent Fortune 500 rankings, health insurers are not even among the top-30 United States industries in profit-margin. Health insurers rank 35th, with a profit-margin of just 2.2 percent — less than one-fifth the profit-margin of railroads. None of the ten largest American health insurers made profits of more than 4.5 percent, and two of them lost money. Health insurers’ collective profit-margin is less than one-eighth that of drug companies and less than one-seventh that of companies that sell medical products or equipment. It’s also less than that of medical facilities. Yet when was the last time you heard President
Obama rail against greedy hospitals?
The combined profits of America’s ten largest health insurers are $8.3 billion. That’s less than two-thirds of the profits of Wal-Mart alone, less than half of the profits of General Electric alone, and less than one-seventh of what Medicare loses each year to fraud. Health insurers collectively have one-eighth the profit-margin of McDonald’s or Coke, one-ninth that of eBay, and one-fifteenth that of Merck."
Moving more people into a government system will shift more costs to a dwindling private insurance pool, resulting in even higher premiums or destructive losses that will eventually kill the private health care industry. With no one left to stick with these inefficiencies, they will paid for with higher taxes and reduced or denied care.
Then we are left no choice and have to rely on the tender mercies of the anointed in government who proclaim themselves immune from ordinary human failings, as they are possessed with unique wisdom and virtue.