Public Option Headed for Senate Death
Posted on Jul 29, 2009
Looks like the insurance companies are getting what they’ve paid for in the U.S. Congress. The Senate Finance Committee is closer to a deal with Republicans, which means no public health care option. The Blue Dogs, meanwhile, are still nipping at the heels of House Democrats.
Reuters via New York Times:
The Senate Finance negotiations have zeroed in on a plan that would use non-profit cooperatives to compete with private insurers to drive down costs, members say, not the public plan favoured by Obama and many Democrats.
The panel also is likely to back a tax on high-cost insurance policies to try to raise revenue and keep costs down.
Finance Committee Chairman Max Baucus, left, chats up ranking member Chuck Grassley. Both have taken millions in donations from the health care industry and are trying to cut a health care reform bill that won’t include a public option.