What is public option Medicare?
A public option refers to a health insurance coverage program run by the state or federal government (although they can be administered by a private entity or private insurance company) and made available as an option alongside the existing private health insurance plans.
Is public option the same as Medicare for All?
The biggest difference between the two proposals is the option for enrollment: Medicare for All is a mandatory single-payer healthcare system that covers all Americans, while Public Option offers an optional healthcare plan to all Americans who qualify and want to opt-in.
How would the public option work?
Paying lower prices would, in turn, allow a public option to set lower premiums or impose less enrollee cost-sharing, which would directly reduce consumers' costs and reduce the federal government's cost of subsidizing premiums and cost-sharing (in some combination).
What Obamacare a public option?
The public health insurance option, also known as the public insurance option or the public option, is a proposal to create a government-run health insurance agency that would compete with other private health insurance companies within the United States.