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Public Option Headed for Senate Death

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.

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