By: Guillaume Vuillemey and Philip Stevens

President Barack Obama's proposed "public insurance option" for universal health coverage seems logical: A large public insurance fund will provide quality coverage for the uninsured and force competing insurers to lower costs. In practice, though, one needs only look at what decades of government health care have done to ramp up the financial and quality problems endured by Britain and France.

The Obama plan is supposed to make health insurance more competitive. But heavy subsidies will give it a big advantage, pulling an estimated 118.5 million people from private insurers to the public system. This government-subsidized system will eventually dominate the market in a way that would overrule competition.

(Excerpt) Read more at washingtonexaminer.com …