QUESTION: Wouldn't that drive private insurance out of business?
MR. OBAMA: Why would it drive private insurance out of business? If -- if private -- if private insurers say that the marketplace provides the best quality health care; if they tell us that they're offering a good deal, then why is it that the government, which they say can't run anything, suddenly is going to drive them out of business? That's not logical.
The second collapse involves the pro-business GOP meme. If private companies decide to eliminate insurance and let people enroll in the public option, won't that provide more capital to businesses?
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