Socialism -- refers to various theories of economic organisation advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterised by equal access to resources for all individuals with an egalitarian method of compensation. (Source: Wikipedia)This is a wordy definition so I'll break it out in easier terms. It means the public (government) or worker (employee) ownership of economic organization (businesses). It also means that the government or employee has control of where that production gets allocated. Lastly, it means that everybody should get equal access to what is produced regardless of social class. So when you have people saying that Obamacare is socialism, they're actually not far from the definition of socialism.
The proposed public option is a government-run health care business. It's government/public ownership and administration of health care (which are economic goods & services) that will be allocated (given) to anybody who wants it regardless of social class or capacity to afford it (egalitarian).
Am I wrong here? Does that not fit the definition of socialism? Maybe wikipedia is wrong? This looks like it nails it right on the nose. Is there room for interpretation here?
Lots of liberals want to call this bill capitalistic since it encourages competition, but free market capitalism requires ownership to be private and production allocation to be discriminatory to those who can afford it. Free market capitalism also requires no government advantages.
Ever since the government intervened in the 40s and 50s and made health care insurance tax-free to employers, that paved to way to employer-based health care. Why? Well, it's a tax deduction! Employer-based health care has a tax shield that gives it a financial competitive advantage, hence why the private health care market is marginalized.

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