Public Option: Seen many heated debates over how U.S. health reform should proceed. Both sides have argued that their view is the best for individual Americans and for the country as a whole. A
public option would, ideally, offer an additional option to Americans at affordable rates so that all individuals and families could pay for
health insurance. Another potential benefit is that having a
less expensive insurance option would make insurance rates more competitive across the industry, causing private insurance companies to lower their rates as well. If it goes as planned, everyone would be paying less for
health insurance in the future.
A Public Option with lower rates could help keep private insurance companies in check, keeping rates affordable and keeping companies honest. If the public health insurance option has access to taxpayer funds, it has additional financial backing that private companies can't rely on. This may cause the government to offer
insurance at a low rate that private insurance companies can't afford to match.