SMRs and AMRs

Saturday, October 31, 2009

After All the Fuss, Govt Health Plan to Cover Few

By THE ASSOCIATED PRESS

Filed at 11:42 a.m. ET

WASHINGTON (AP) -- What's all the fuss about?

After all the noise over Democrats' push for a government insurance plan to compete with private carriers, coverage numbers are finally in:

Two percent.

That's the estimated share of Americans younger than 65 who'd sign up for the public option plan under the health care bill that Speaker Nancy Pelosi, D-Calif., is steering toward House approval.

The underwhelming statistic is raising questions about whether the government plan will be the iron-fisted competitor that private insurers warn will shut them down or a niche operator that becomes a haven for patients with health insurance horror stories.

(More here.)

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