House’s Public Option Proposal Will Initially Use Rates Similar To Medicare

Obviously things could change in mark-up and at other points down the line, but for now, notwithstanding the concerns of some conservative Democrats, the House is proposing (PDF) a public option that will “[i]nitially [pay] rates similar to those used in Medicare with greater flexibility to vary payments.”

That’s sure to please overhaul supporters, many of whom consider the public option the sine qua non of true health care reform. You can read summary information about both the public option and the entire bill at the House Education and Labor Committee website.