Michael Bennet - United States Senator for Colorado : Newsroom - Press Releases:
February 16, 2010
Denver, CO - In his continued effort to pass health care reform that lowers costs and leads to higher quality care, Michael Bennet, U.S. Senator for Colorado, is leading the effort in the Senate to pass health insurance reform that includes a public health insurance option under budget reconciliation rules.
Bennet has written a letter to Senate Majority Leader Reid and is circulating it for additional signatures. In the letter, Bennet highlights findings from the non-partisan Congressional Budget Office (CBO) that said a public option could yield cost savings of at least $25 billion. Bennet also pointed to the fact that a public option would provide Americans with a low-cost alternative to private insurance and improve market competitiveness.
In addition, the letter noted that there is substantial Senate precedent for using reconciliation to enact important health care policies, including the Children's Health Insurance Program (CHIP), COBRA, and Medicare Advantage.