Could a Public Health Insurance Option Lead to More Competitive Markets?
Date of this Version
Calls for the establishment of a “public option,” which emerged during the debate on the Affordable Care Act, have reemerged in this election season. Some proposals base the public option on Medicare, while others on Medicaid. In this article, Wharton professor and LDI Senior Fellow Mark Pauly discusses the likely effects of a public option on private markets, using experience in Medicare Advantage as a guide. Will the public option become the preferred one, sweeping away the private market? Or can the public and private options peacefully coexist?
This work is licensed under a Creative Commons Attribution-No Derivative Works 4.0 License.
insurance, public option, health insurance
Date Posted:24 December 2019