Senator Ron Wyden has decided to support a private option from Medicare. The problem with this is that private companies provide medical insurance and medical care less efficiently than the government. So why does Wyden support this? Obviously, he a legislative whore of Wall Street and the insurance industry. Apparently, the senator doesn’t mind see a inefficient private option for Medicare, but not a more efficient public option for the private sector. See why Nobel Prize winning economist and New York Times Columnist Paul Krugman calls Wyden, Wall Street’s Legislative Whore from Oregon, a “Useful Idiot.”
Click here for a great story by the brilliant economist Paul Krugman
