The debate in Washington about how to fix the health care system continues to rage on, with various options proposed and debated. Across the country, the state of Washington is taking actions, implementing the first public option for its residents.
According to the Associated Press, the new option will be universally available to residents regardless of income by 2021. The set of tiered public plans will cover “standard services” while offering coverage at a cost up to 10 percent less than comparable private insurance. That lower cost is due in part to the fact that providers are subject to a cap on rates they can charge to customers.
The plan has already been approved by the state legislature, with Governor Jay Inslee expected to sign it into law.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.