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Pelosi Announces Key Provision in Health Insurance Reform for Young Adults
Date:10/13/2009

change to take our country in a new direction starting in a very personal way in the lives of young people in our country.

"I'm so happy because my grandchildren are here, some of my grandchildren just happened to be here today. And I always say to them that everything we do here is about you, about the future, about the next generation. Certainly, this is.

"We would now be pleased to take any questions that you may have."

Question and Answer Session:

Q: [Inaudible about the Senate Finance Committee not containing a public option.]

Speaker Pelosi: Well, we will have a public option in the House bill, as I said. Let me tell you one other reason why that is important, because it saves a great deal of money. And let me tell you why the American people know it is important, I think the CBS poll had it 62-38 in favor of a public option. Because we in Congress are saying to the American people: you are mandated to have health insurance. But unless we have a public option, we are putting them at the mercy of the health insurance industry and they know it. So they like universal, quality health insurance reform if it has a public option. If it has a mandate, it should have a public option and there should be competition for the insurance companies.

The public is way ahead of the elected officials in this, and we believe that we should have a public option for that reason. It saves money, it keeps the insurance companies honest, it increases competition, and it says to people that we are mandating to have insurance: you are not at the mercy of the health insurance companies; you have an alternative. That gives them leverage. Yes, we will have a public option in the House plan.

Q: Will you consider [... inaudible ... variations on the public option.]

Speaker Pelosi: We are considering different variations on the public option. We want to have the o
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SOURCE Office of the Speaker of the House
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