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Healthcare Financial News - Reid Supports Public Option

Healthcare Financial News


Tuesday, October 27, 2009
Reid Supports Public Option

In what has been portrayed as a turning point in the debate on healthcare reform legislation, Senate Majority Leader Harry Reid (D-Nev.) announced Monday that he will seek to bring a reform bill to the Senate floor that includes a public option. An opt-out clause in the bill would allow states to decide by 2014 not to participate in the government plan, Reid said.

Other public-option approaches under consideration include a "trigger" that would create a government plan if private insurers do not offer policies at affordable prices.

The proposal Reid discussed Monday is a merger of two bills previously approved by Senate committees.

posted on 10/27/2009 1:45:32 PM (CST)  Permalink