Public Health Insurance Option
- One of the insurance choices under consideration on the proposed Health Insurance Exchange will be a public option, which will be an insurance plan offered by the government
- A public option would drive costs down by forcing insurance companies to compete with an affordable high-quality option
- President Obama has said the public option will increase patient choice and keep private insurers honest by competing with them so they are unable to charge unfair rates
- Many experts believe that the public option will be the least expensive option on the exchange