Is this public option fair competition is one question I would like to ask.
In a free market, those who cannot achieve profit over a reasonable period of time are forced to go bankrupt/lay off people/reduce activity/be sold to another company etc..
In the case of a government subsidized company, it can afford to give services with a price below the actual cost, knowing that the difference will simply be provided by the government.
This type of thing, when done by (private) companies on the international marketplace is restricted through anti-dumping agreements/legislation.
Taking this into account, will this public option not create an unfair competition in the market, given the fact that the government can in effect fix prices below the actual cost?
Also, regarding socialism, setting a certain (by the government and considered "fair") value on services and the work of people, such as this legislation seeks to do, is one of the principles of a socialist country. In the former "communist" countries (actually socialist because communism has not yet been achieved), the government decided that goods and services have a certain arbitrary value, supposedly calculated to be fair.