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The Conrad Health Reform Compromise

As Congress delves into its much anticipated health care reform debate, the discussion thus far has been framed as a black vs. white clash between those (mostly

Jul 31, 2020
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As Congress delves into its much anticipated health care reform debate, the discussion thus far has been framed as a black vs. white clashbetween those (mostly Democrats) in support of a public plan to compete with private insurers, and those (mostly Republicans) for whom such an option is a non-starter.
Enter Sen. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee, who earlier this week floated vague ideas about creating cooperatives that would offer consumers a new coverage option that wouldn’t be run by the government. On Tuesday, Conrad explained his rationale to Fox News:
The other side very much wants to have a competing delivery model to provide additional competition … for-profit insurance companies. And the cooperative model does that as well, because it’s not for profit and so poised to compete well with for-profit insurance companies. [...]
[T]he strong objection from some Republicans and some Democrats to public option is that it’s government run, that it’s perhaps a back-door approach to single payer and you’ve got government setting rates. This avoids all that because it’s not run by the government. It’s membership-controlled, membership-run, just like all the cooperatives around the country that already exist.
Congressional interest in the concept, Conrad says, “is growing.”
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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