Dems drop public option

The compromise states that the original government-run plan would be replaced with “a program that would create several national insurance policies administered by private companies but negotiated by the Office of Personnel Management, which oversees health policies for federal workers.” If approved national policies were problematic to reach, a government plan would be implemented.

Another stipulation of the negotiations would be that people as young as 55 would be allowed to purchase Medicare. Additionally, private insurance companies would come under the microscope, facing strict new policies, including, “a requirement that they spend at least 90 cents of every dollar they collect in premiums on medical services for their customers.”