Why did The Senate Finance Committee vote against Obama's plan to create a new government health insurance that competes with the private market?

Answer 1

Because doctors do not want to loose their business, getting bigger profit from people's health. In Canada doctors earn, within public Healthcare, at least $200.000 a year but that's not enough for them, they want it all.

The insurance industry, through lobbyists, paid millions and millions of dollars of campaign money to politicians to get them to vote against any plan that included competition for them. Competition would force lowered premiums and lower the out of pocket expenses of Americans for health care, but it would also lower the record profits being accumulated by the industry giants. A nationalized or public option plan would work to lower the premium costs of health care insurance as well as total healthcare costs for Americans, since it would operate as a non-profit-oriented health insurance plan. The lobbyists also have effectively promoted misinformation and scare tactics to encourage uninformed Americans to believe (and even help spread) the incorrect notion that the proposed plan that included a public option would somehow reduce wellness and health of Americans...when in fact, all models across the world that provide public healthcare also have lower death rates, much lower infant mortalitiy rates and generally healthier outcomes than the privatized American model. While that model is good for the very rich who can afford the highest technologies and best practitioners, and it is good for the profits of the insurance companies, their executives, and shareholders, it is clearly inadequate for the average American.