What are proponents of the public option hoping that competition

Reference must be within the last 5 years Minimum of 550 words. Must be in APA 7 edition format. 2 reference using Peer Review or Scholar Article, please use reference written in the United States because I live in Georgia, and current within the last 5 years. Be aware of the flow of writing information- you want to be sure the information is presented in a logical format and when changing topics, use a transition sentence to connect the two topics. Sentence structure is very important as well. Policymakers are divided on whether or not a “public option” should be included in the overall reform plan. Proponents argue that insurance companies do not really compete with each other, and a government-run plan is the only way to ensure competitive markets. Please answer these questions in the paper.

a. What are proponents of the public option hoping that competition will accomplish?

b. What are the essential factors that must exist for a new rival to increase competition in any market? Do these factors exist in this case?

c. Name several examples of markets where the government competes directly with private firms. d. Do you think a government option will increase competition in the insurance market?