8.19.20 / Updates

Unaffordable Costs Of Public Option Confirmed

WASHINGTON – As the unaffordable costs of the public option are made clear to voters, Bloomberg Law reports in a story titled “Public Option Experiment Hits Speed Bump as Premiums Don’t Fall,” that “[p]remiums aren’t dropping as predicted in Washington state’s first-in-the-nation experiment with offering health insurance plans based on Medicare rates.”  In fact, “average proposed public option rates 5% higher than 2020 Obamacare premiums.”  They explain: 

Washington’s experience setting up a public option plan highlights the difficulties for states weighing similar plans they hope will expand health-care coverage while driving down costs … It also could presage problems that a national public option plan could face.  Democratic presidential candidate Joe Biden is calling for a similar plan to shore up Affordable Care Act markets.  The average proposed public option premium for 2021 is 5% higher than 2020 average Obamacare premiums, Christine Gibert, policy director with the Washington Health Benefit Exchange, said in an interview.

This Adds To The Growing Body Of Research That Demonstrates That The Public Option Could Burden American Families With Unaffordable New Costs And Tax Hikes




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