"Plus, the president supports the creation of a government insurance program that would compete with private insurance. But because this ultimately would be subsidized by American taxpayers, the government plan could keep its premiums artificially low or offer extra benefit."
That's the real rub of O's plan to nationalize the entire health care system......the "Trojan Horse". They can subsidize the public plan by charging premiums well below the prevailing rates, without any regard to how much it costs the taxpayer. They will literally put the private insurers out of business. There will be a stampede of people joining the public plan.
Here's where the "Trojan Horse" part comes in. Once all the suckers are enrolled in the public plan....they'll raise the premium. Where are they going to go? There will be no options.