President Obama claimed in his press conference on the 6/23 that if a private insurance company has a good plan, they can compete with the governments insurance.Two Questions:1) Private insurance companies pay taxes. Granted, they pass these costs onto the consumer. Will President Obama's government insurance pay taxes? Wouldn't this be kind of like taxing the US Army or the Justice Department. If the government insurance agency isn't paying taxes, does that mean that Obama is going to STOP taxing private insurance companies? To make things fair. If the government agency does not pay taxes, that gives the governments insurance an IMMEDIATE advantage over the private insurance companies, doesn't it? And 2) If a private insurance company has a few bad years and runs short on cash, they go to a bank, or another company and get a loan which they have to pay back... with interest and on time. If the Governments insurance company runs short on cash, who will they borrow money from? A bank? Another company? Or will they simply go to Congress for some more taxpayer dollars? How can a private insurance company POSSIBLY compete with that?