Wednesday, September 9, 2009

Obama to Endorse Public Health Plan in Speech

"President Barack Obama, in a high-stakes speech Wednesday to Congress and the nation, will press for a government-run insurance option in a proposed overhaul of the U.S. health-care system that has divided lawmakers and voters for months.

White House officials say the president will detail what he wants in the health-care overhaul, as well as say he is open to better ideas on a government plan if lawmakers have them.

Democratic plans call for requiring most Americans to carry health insurance. Failure to comply could cost families as much as $3,800 a year, according to a new Senate proposal.

The president is likely to say that a government-run insurance plan, known as the "public option," will not provide a level of subsidies that give it an unfair advantage over private insurers, according to aides familiar with the speech preparations.

Insurers oppose the public option, saying it will lead to excessive government control of health care and could eventually drive them out of business. Republicans say they won't support an overhaul with a public option, and liberal Democrats say they won't support one without it."

For the rest of the story click below.

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