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Insurance Companies: Public Health Option Would Be “Devastating”

HeadlineJun 24, 2009

Obama’s comments come as the insurance industry is intensifying its lobbying against the public insurance option. On Tuesday, the nation’s largest insurance industry group, America’s Health Insurance Plans, said a government-run program would bring “devastating consequences” and “dismantle employer-based coverage, significantly increase costs for those who remain in private coverage, and add additional liabilities to the federal budget.”

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