Medicare Stocks Dip Even after Public Option New

Medicare Stocks Dip Even after Public Option New -

Although Senate lawmakers look like they are going drop the public health insurance option against the health reform bill, the private sector has not moved.

In fact, it has fallen.

The Associated Press reported that the Medicare stocks fell slightly today after news broke of probable demise of the public option.

Without the public option, investors should not worry about a plan run by the government would come on the market and distort competition, and ultimately, revenues and profits.

As news of the release of the public option has no impact on the stock markets, the ideological left will probably be in the arms. It will be interesting to see if the public diet affects the combination of the versions of the Senate and the House.

The replacement of the public option looks like it could be a national health insurance plan administered by the Office of Personnel Management, which currently heads the Federal Employees Health Benefits Plan for Employees federal.

Senate Democrats also want to let the Americans over the age of 55 to buy into Medicare. Critics are already critical of this, arguing that it would increase the cost of health care and open a back door to a single health care payer government run.

"I think it moves us way down the road," said Senate Majority Leader Harry Reid in Wall Street Journal .

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