Finance Committee Rejects Public Option

 

About one hour ago the Senate Finance Committee voted against a public option as part of health care reform legislation.  Some of the supporters of the public option vowed to continue to fight for it as the legislation goes to the full Senate and then to conference before a full vote by both houses of Congress.

2 comments

  1. Right you are, but in the minds of the people I have talked to in Washington they have fixed it by taking out a half billion dollars via lower payments.

    Of course they have fixed nothing and in the process plan to spend the “savings” someplace else which they laughingly call “reform. “

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  2. Not to sound like a broken record, but if Congress wants to fix something, they should first fix the multiple public plans that we have. In particular, Medicare is broken:

    1. Cost saving based on price fixing which simply passes costs to other insurers/payers to the tune of $2,000 per employee per year

    2. Unsustainable financial model – Medicare will be bankrupt within the next 10 years if not sooner

    3. Medicare pays for sick care on a per unit basis encouraging excess utilization

    Unfortunately, no politician will tackle the problem head on and FIX MEDICARE FIRST – which is another good reason to avoid more public options

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