Why Obama's Public Plan Option Must Fail

Trying to keep this as non-political as possible - - -

As it has been described thus far, the public plan option this administration is presenting would be a complete fiscal disaster for this country. In english, here's why -

The three main components that affect the long term viability of ANY health insurance plan are:

1. how comprehensive is the coverage
2. what kind of (health) risks is it accepting, and
3. how much does it cost.

Pretty simple, right? Of those 3 components, one of them MUST GIVE for the plan to be able to survive at an affordable rate. Well, here's the problem - Obama wants to creat a public plan option that:

1. is very comprehensive
2. accepts everyone regardless of pre-existing conditions, and
3. is supposedly affordable.

WHERE'S THE GIVE????? The only way the above setup could possibly survive without bankrupting this country is by taxing the hell out of some-one, or some-thing - PERIOD!!! There's simply no debate to that. Ask anyone who has been in the insurance business for any extended period of time - we've all seen insurance companies try to do some version of what this administration is trying to create, only to see the rates fly right thru the ceiling within a relatively short period of time (1-2 years) because as the claims start coming in, there simply isn't enough premium coming in to sustain it. It's always been that way.

Why the politicians don't see this simple fact is apparently too far above my pay grade to understand. Unfortunately, unless they're inept to levels higher than we ever imagined, they have to know that this is the case yet tried to vote for it anyway.