Tom Daschle: Public Option Killed By 'Understanding' Between Legislators, Hospitals, Insurers

10/05/2010 02:31 pm ET | Updated May 25, 2011
  • Igor Volsky Wonk Room

In his book, Daschle reveals that after the Senate Finance Committee and the White House convinced hospitals to to accept $155 billion in payment reductions over ten years on July 8, the hospitals and Democrats operated under two "working assumptions." "One was that the Senate would aim for health coverage of at least 94 percent of Americans," Daschle writes. "The other was that it would contain no public health plan," which would have reimbursed hospitals at a lower rate than private insurers.

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