Joe Biden says he is opposed to a single-payer healthcare system and instead favors a “public option,” which is a government-owned health insurance company.

In this installment of What’s Ahead we discuss that, in reality, there is no difference. 

A government entity would be subsidized. Private companies can’t compete with that. They would either go broke or be forced to fold their operations into the government company. Shareholders would be wiped out, and 180 million Americans would lose their current policies. 

Another downer—research and development for new drugs and medical devices to fight cancer, dementia and other ailments would suffer.