6:17 am August 17, 2009, by Henry Unger
In an effort to gain more political support — inside and outside the Beltway — the Obama administration appears willing to embrace insurance cooperatives over a government-run plan, Associated Press reports.
Some believe the government would be much better at containing insurance companies than co-ops would be. Others oppose such direct intervention in the market.
Under a proposal by Sen. Kent Conrad, D-N.D., consumer-owned nonprofit cooperatives would sell insurance in competition with private industry. With $3 billion to $4 billion in initial support from the government, the co-ops would operate under a national structure with state affiliates, but independent of the government.
Is this a good move? Does it change your mind on supporting or opposing health care reform?
For instant updates, follow me on Twitter.
Get inside Atlanta\'s and national business news and how it affects you.