The Public option as proposed by Biden will be worse then what you have today. All it means is more Government monies going to insurance Corporations and along with it a rise in health care costs.
If people would take the time to examine the issues with Health Care in the USA they will find that among them is exponentially higher costs for health care procedures when compared to other Countries. This is due in great part to the fact that the health Care providers push up the costs of a procedure so as to maximize what they can charge an insurance provider for the same.
With the Public Option they will no longer have to worry about a patient being unable to pay costs as they can bill the Government. When they can bill the Government they can push up the costs of a procedure as they KNOW they will be paid back. This in turn fuels increases in insurance premiums by the Insurance Companies.
The Public option does not address the major reasons single payer systems have advantages and that is added administrative costs. Hospitals and health care providers will not see any decrease in administration expenses as they still have to maintain billing departments to deal with all of the Private plans added to the persons covered by the Public option. They will very likely have to hire even more staff to billing departments , this in turn leading to the cycle of increasing costs for a procedure so as to maintain Corporate directed profit margins.
A Cost of an MRI in the USA on average is around 2600$ while In Canada is around 875$. This 875$ is the amount a provider in Canada would charge someone not covered by National health care (such as a tourist visiting the country). At the same time the USA has almost 4 times as many MRIS per capita as in Canada suggesting the prices should be lower.
The reasons the prices so high in the USA is they gouge the Public and they can do so premised on that person having Private health Insurance. The “Public Option” means they can now gouge more people by now billing the Government that 2600$$.
The Public Option and Obamacare from which it derived was designed by the health care industry to first and foremost protect their profits. If anything it will drive up overall health care costs in the USA.