Pelosi: Public Option Best Way to Control Costs, Promote Competition

But liberal Democrats, who see a new government plan as central to reform, dislike the compromise. House Speaker Nancy Pelosi at a news conference in San Francisco on Wednesday warned insurers that if Democrats go along with the idea it would trigger "a very robust public option."

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Pelosi: Public Option Best Way to Control Costs, Promote Competition

Washington, D.C. – Speaker Nancy Pelosi released the following statement on health insurance reform legislation pending before Congress:

“Any real change requires the inclusion of a strong public option to promote competition and bring down costs. If a vigorous public option is not included, it would be a major victory for the health insurance industry.

“President Obama has said that a public option will keep the insurance companies honest. If someone has a better idea for promoting competition and reducing health care costs, they should put it on the table. But for the past month, opponents of health insurance reform have demonstrated that they are afraid of the facts. They have only offered distortions, distractions and misrepresentations to try to kill this historic legislation.

“A bill without a strong public option will not pass the House. Eliminating the public option would be a major victory for the insurance companies who have rationed care, increased premiums and denied coverage.”