Due to the passage of the new health care laws, there has been a great deal of talk amongst the health care activist community regarding the “public option”. While this has been touted as one of the best parts of the plan, it leaves people wondering if it is truly possible.
So what exactly is the public option? This term simply means that the general public will have more of a choice when selecting health care coverage. In other words, individuals will be able to compare overall benefits, companies, networks, prices, and general ratings of satisfaction in order to choose a plan that will provide the best options for themselves or their families. The public option takes this one step farther and offers an additional option to compare: a government insurance program. This means that the industry will change to a public vs. private competition, with the hopes of lowering the cost of care.
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