He says to give all that money (60 billion?) to insurance companies is insane. Unfortunately you have to watch Uncle Pat along with Dean. Buchanan as usual dominated.
I noticed that Howard Dean was conspicuous tonight by his absence from cable news after the speech. I saw a notice that he was to be on NPR after the speech, and saved the page. Now it says page not found.
It looks like the public option is still in the plans for the future, like 4 years from now when the exchange happens. Four years is a long time and anything can happen.
Speech transcript from Fox NewsOBAMA: And all insurance companies that want access to this new marketplace will have to abide by the consumer protections I already mentioned.
This exchange will take effect in four years, which will give us time to do it right. In the meantime, for those Americans who can't get insurance today because they have preexisting medical conditions, we will immediately offer low-cost coverage that will protect you against financial ruin if you become seriously ill.
....OBAMA: And the insurance reforms that I've already mentioned would do just that, but an additional step we can take to keep insurance companies honest is by making a not-for-profit public option available in the insurance exchange."