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?
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