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US Senate Panel Rejects Adding Public Plan To Health Bill [View All]

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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-29-09 02:11 PM
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US Senate Panel Rejects Adding Public Plan To Health Bill
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Source: DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--The Senate Finance Committee rejected an amendment Tuesday that would have created a government-run health insurance plan, but debate over a proposed public plan is not expected to end at the committee.

By a 15-8 vote, the Finance panel rejected an amendment sponsored by Sen. Jay Rockefeller, D-W.Va., that would create a public health insurance option. Under Rockefeller's amendment, a government-run plan would inherit Medicare's network of doctors and hospitals and pay them based on Medicare payment rates for its first two years.

All Republicans on the panel voted against Rockefeller's amendment, in addition to Senate Finance Chairman Max Baucus, D-Mont., and Sens. Bill Nelson, D-Fla., Kent Conrad, D-N.D., Blanche Lincoln, D-Ark., and Thomas Carper, D-Del.

Rockefeller argued that a public option is necessary to hold costs down and provide ample competition for private insurers, which he said engaged in "banditry."

Read more: http://online.wsj.com/article/BT-CO-20090929-712129.html
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