The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
September 22nd, 2009
Episode 188 of 911 episodes
Meet Jacob Hacker, the father of the "public option." Hacker, a Yale political science professor, introduced the notion of the federal government offering a health insurance plan that would compete with ones from private companies. President Obama calls the public option a means of pressuring private insurers to keep policies affordable, while critics say it would put them at an unfair disadvantage. Now Hacker takes a turn defending his big idea, saying that a public plan would cost less to run and be able to bargain for better prices.