At least as envisioned by the most gung-ho LibDem proponents. Ezra Klein gives it to them straight after viewing the latest Senate Finance Committee proposal:
Sources say that it’s a major scale-back of the outline they had before. Specifically, subsidies have dropped from 400 percent of the poverty line to 300 percent. Medicaid eligibility has been tightened to 133 percent of poverty for children and pregnant women and 100 percent of poverty for parents and childless adults. The plans being offered in the exchange have seen their actuarial values sharply lowered.
Beyond the changes, this is also the clearest look we’ve had at the specific policies being considered. There’s a fairly strong individual mandate, albeit with exemptions for those beneath the poverty line, those who would have to spend more than 15 percent of income for a plan, and undocumented workers. There are a variety of options for an employer mandate, or the absence of one. Sen. Kent Conrad’s co-op idea is up for discussion. There’s no public plan mentioned anywhere in the document.
Do you think my headline overstate things? Listen to the Daily Kos:
Without a public option, I’d rather we stop the absurd talk of “reform” and recognize that any bill passed would mainly be for show, but if we were to seriously consider a bill without such an option, I think the one healthcare reform that would make a difference is to cancel govt health insurance for all senators, representatives, cabinet members, etc.