Presidential candidates Joe Biden, Pete Buttigieg and Mike Bloomberg all claim they’re proposing a moderate, less disruptive approach to health-care reform called the “public option”—a government policy offered as an alternative to private health insurance.
These have been presented as more modest solutions relative to Medicare for All.
Don’t believe it.
A public option could increase the federal deficit, destabilize the market for private health insurance while threatening overall health-care quality and choice.
By 2049, the public option could be the third most expensive government program in the nation—behind only Medicare and Social Security.
Of course, the public option would also quickly displace employer-based and other private insurance. The result: Longer wait times, narrower provider networks and reduced consumer choice.
Policymakers may yet find the middle ground in health care reform. But don’t be fooled: A government-run public option is NOT it.