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Obama healthcare plan omits public option
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| Contributor | Jason |
| Last Edited | Jason Feb 22, 2010 06:41pm |
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| Category | Proposed Legislation |
| Author | Linda Feldmann |
| Media | Newspaper - Christian Science Monitor |
| News Date | Tuesday, February 23, 2010 12:40:00 AM UTC0:0 |
| Description | President Obama unveiled Monday his own plan for comprehensive health insurance reform, based largely on legislation the Senate passed in December. In a bow to Republicans, the plan includes new GOP-backed provisions designed to crack down on waste, fraud, and abuse.
Despite hints leading up to Monday’s unveiling that Mr. Obama’s plan would include a "public option" – a government-run insurance plan designed to compete with private insurers – it does not. But his plan does set up an insurance marketplace, or "exchange," in which consumers can shop for coverage. The plan would also create new federal authority to rein in rate hikes deemed exorbitant, a hot issue following double-digit increases announced earlier this month by Anthem Blue Cross of California.
Like both the House and Senate versions, the plan includes a mandate that individuals purchase insurance, and bans insurers from excluding consumers with preexisting conditions. |
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