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Cracks in congress threatened to pull the plug -- the public health insurance option is not part of the Health Care Reform the alternative and an insurance co -- Is gaining some momentum as a possible compromise.
-- questions though remain not only about the successful.
Implementation of a co op.
But what exactly a call -- would look like.
Joining me shed some light is one of the lawmakers who's been leading the push from day -- on this plan.
And that -- democratic senator Kent Conrad of North Dakota who started discussing this with us back on June 11 senator good to see you.
Good to be with you -- before we get into health care center -- just get your reaction here on the jobs data and appearance is though you look at the unemployment data.
Lagging indicator weekly claims leading indicator not getting much better will do about this.
You know I think we've got to give more time for all of the initiatives that are under way to play out.
Just a fraction of the stimulus is.
Out in the economy.
We're gonna see much more about 3% of GDP over the next twelve months that's gonna make a difference -- can just tell you in terms of our own internal analysis.
This number was right on line with what we expected.
Because at this stage of the summer you get young people dropping jobs to go back to school so we were not surprised by this number.
Ari can't lift getting to the health care conversation for just -- moment I had so many questions viewers are sending in dozens of questions are very popular.
First of all let's explain what exactly -- is a co -- and why do you think it's a better option in the public option.
Is membership alone and membership run.
So it's very different than public option which is government run.
On the other hand it's attractive to some who like public option because it is a nonprofit alternative to for profit insurance companies.
And the cooperative model has been very successful across many different business lines so.
You've got Land -- it's a twelve billion dollar -- cynics harvest 820 billion dollar Hannity.
The Associated Press is -- -- ace hardware is a coop and a course in health care we have group health in Washington State.
People been in business fifty years it's the highest rated plan in the state of Washington so that demonstrates this model can work in health care as well.
Our senator devil's advocate because they gotta do it.
A lot of people say those co ops that you mentioned though took in some cases -- he needs to get up and running effective late.
And will have to be funded by the government -- -- a looks like a public option.
Can you get them up and running quickly without the taxpayer funding it.
And make sure that they do provide the competition we need.
Look we have consulted the best actuaries in the country.
And they tell us with a model that we are putting forward and yes there would be some front end government support.
To meet the insurance reserve requirements that you have to have on day one to be a health insurer that -- the extent of government involvement.
After that it would run like all cooperatives do not run by the government not controlled by the government.
Controlled by its members.
Let me just say that the actuaries we consulted told us.
With the reformed insurance market which is a key new fact.
And tens of millions of new entrants this cooperative model would be very competitive.
Would get twelve million members in very short order would become the third largest insurer in the country.
Would provide meaningful competition in the states that now have virtually none about half the states Alexis have virtually no competition in the health insurance -- Okay I'm I'm I'm writing notes as you're talking here because I'm getting a ton of emails I wanna read.
At any email they just came in here from -- in Alabama.
Why are Democrats oppose to selling health insurance across state line -- -- putting in place regulations.
Consumer -- you know the consumer watchdog groups sender is suggesting.
That the co ops do not actually protect the consumer.
How do you respond to that.
But I don't know where they come up with that I mean.
Cooperative model there are literally hundreds and hundreds of cooperatives across the country.
-- -- doing a spectacular job controlled by their members there's no better way to protect consumers than to have the members.
Of the coop who after all -- the ones receiving the services in control of the organization.
So I think that's just way off base in terms of.
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