The “Public Option” Is Back

Posted by | January 16, 2013 08:18 | Filed under: Top Stories

This time, it’s being promoted as a deficit-slashing measure:

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.

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By: dave-dr-gonzo

Dave "Doctor" Gonzo is a renegade record producer, writer, reformed corporate shill, and still-registered lobbyist for non-one-percenter performing artists and musicians. He lives in a heavily fortified compound in one of Manhattan's less trendy neighborhoods.