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Reply #9: Private companies without oversight.... [View All]

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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-26-06 09:54 PM
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9. Private companies without oversight....
Enron et al. The HMO's that failed because the companies pulled out when the going got tough.

There is no guarantee in privatizing.

If you start it for those who want it while they are younger...then they will not be paying into the system. And guess what happens when enough people don't pay into the system.....those already on it will have benefits cut.

Vicious circle.
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