Robert Reich: Congressional Budget Office Approves Senate Finance Committee Bill That Omits a Public Option
The full Finance committee is scheduled to vote on the bill next Tuesday, which is backed by Republican Senator Olympia Snowe. In addition to scorning the public option, the bill also doesn’t “…allow Medicare to use its bargaining power to negotiate lower drug prices, or adequately subsidize millions of middle-class families who will be required to buy health insurance that will be hard for them to afford. In short, it’s a great deal for private insurers and Big Pharma but not such a great deal for middle-class Americans.”