That provision would have created an option to allow individuals and small businesses to purchase health insurance and cut premiums by an estimated 20 percent. (Photo: Shutterstock)
Connecticut's attempt to pass legislation authorizing a public health insurance option was stymied by fierce opposition from private insurers, who have a big presence in the state.
The Wall Street Journal reports that despite the efforts of State Sen. Matt Lesser, a Democrat who led the proposal, insurers objected so strongly to the public health insurance segment of the bill that that part of the legislation appears dead in the water—although Lesser said that other portions of the bill might pass. Those include a move to get permission from the federal government to buy prescription drugs from Canada and methods to control costs in the state's health care system.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
