The “Public Option” Is Back
A group of House Democrats are surfacing the health care public option as a way of reducing the deficit, revisiting an approach suggested by President Obama’s debt commission in 2010.
According to a Tuesday statement from Rep. Jan Schakowsky’s (D-Ill.) office, Schakowsky, Rep. Henry Waxman (D-Calif.), and 43 other House members have introduced the Public Option Deficit Reduction Act, which would “would offer the choice of a publicly-run health insurance plan, an option that would save more than $100 billion over 10 years.”
“As Congress looks to reduce the deficit, it is important to remember the one policy that could save billions of dollars is the public option. I hope that my colleagues will take a fresh look at this in the months ahead,” Waxman said in the statement.