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Blocks with health care symbols If Congress were to expand tax credits, it could help offset the new spending by limiting provider payments or putting in place a public option. (Photo: ShutterstocK)

A new analysis by the Urban Institute, a liberal-leaning think-tank, says that introducing a public option health care plan would increase coverage by 1.2 million and save the federal government $12 billion a year.

The public option was one of three left-leaning policies the group assessed as part of the study. The other two: capping provider payment rates or extending Affordable Care Act premium tax credits to those above the current income limit.

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