January 18, 2011
Public Option Legislation Proposed
Congresswoman Lynn Woolsey (D-CA) has introduced legislation that would establish a robust public option in the health insurance exchanges that are part of PPACA. The legislation is titled the “Public Option Deficit Reduction Act.” Congresswoman Woolsey’s office says the legislation “would bring down the cost of coverage by providing lower cost competition to private insurers and save the federal government $68 billion dollars during the first seven years, and even more afterward, according to the Congressional Budget Office”
Click here to read the text of the legislation.
Click here to read Congresswoman Woolsey's statement on the introduction of this legislation.