Obama on the public option

President Obama on the public option:

I’ve been in favor of the public option. I think the more choice, the more competition we have, the better.

On the other hand, I think that the exchange itself, the system that we’re setting up that forces insurance companies to essentially bid for three million or four million or five million people’s business, that in and of itself is going to have a disciplining effect.

Would I like one of those options to be the public option? Yes. Do I think that it makes sense, as some have argued, that, without the public option, we dump all these other extraordinary reforms and we say to the 30 million people who don’t have coverage, “You know, sorry. We didn’t get exactly what we wanted”? I don’t think that makes sense.

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