On a 15-8 vote, the Democratic-controlled Senate Finance Committee has rejected the “public option” in the healthcare reform bill sponsored by chairman Max Baucus. School of Management Professor Stephen Davidson, author of “In Urgent Need of Reform: Saving the U.S. Healthcare System,” says without a government-run option, the insurance industry won’t be able to keep costs down.
“Bottom line: Requiring everyone to have coverage would be a good thing because millions more will have insurance. But without the public option, the new system will have built-in pressure to raise prices or cut benefits.”
Contact Stephen Davidson, 617-353-7422, email@example.com