January 16, 2013

Things they forgot to tell you about Obamacare

Washington Post Wonkblog - When Congress struck a deal to avert the fiscal cliff, it also dealt a quiet blow to President Obama’s health overhaul: The new law killed a multi billion-dollar program meant to boost health insurance competition by funding nonprofit health plans.
Obama signs his health-care reform bill into law.

The decision to end funding for the Consumer Operated and Oriented Plans has left as many as 40 start-ups vying for federal dollars in limbo. Some are considering legal action against the Obama administration, after many spent upwards of $100,000 preparing their applications.

The Consumer Operated and Oriented Plan, or CO-OP, program was aimed at spending as much as $6 billion to help launch nonprofit health insurance carriers. It came into favor with Democrats when it became clear that a government-run plan, known as the public option, could not gain enough political support.


1 comment:

Anonymous said...

"... It came into favor with Democrats when it became clear that a government-run plan, known as the public option, could not gain enough political support."

The public option would win with voters. Lack of political support is an excuse. The Dems never seriously explored it. Unless "political support" means their corporate sponsors, but that's not for public discussion.