http://research.smeal.psu.edu In the second video of this three part series, Keith Crocker, the William Elliott Chaired Professor of Insurance and Risk Management at Penn State's Smeal College of Business, explains the terms co-op, trigger mechanism, and opt-out (00:10). He addresses the debate over a public option and the concerns of private insurers (3:59). Using the example of the homeowner's insurance market in Florida, Crocker discusses whether or not a public option and a private plan can exist on a level playing field (6:35). For more information about the current health care debate, visit Smeal's "Research with Impact" site.
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