Washington Examiner December 6, 2019
The public option appears to have overtaken “Medicare for all” as the Democrats’ preferred approach to healthcare reform. Nearly nine in 10 Democrats support creating a government-run health plan to compete against private insurers. Fewer than eight in 10, by contrast, are on board with “Medicare for all.”
Proponents of a public option claim it’s a win-win for consumers. They can either buy cheap government coverage or keep their private insurance if they like it.
But a new study from FTI Consulting debunks that myth. The study’s authors found that a public option would gradually drive private insurers out of the market — and thereby leave people without private coverage options.
The public option would be cheap for two reasons. First, because it’s...