Beverly Hills 12/17/2009 8:33:53 AM
News / Business

Single-payer Health Coverage Rejected by Senate

Financial World News Update by Equities Magazine

The government run health care plan proposed by Vermont Senator Bernie Sanders was rejected in Senate on Wednesday.

 

Sanders, an independent and a socialist, believed his plan to be the only rational approach to cost-efficiently revolutionizing the health care system. Sanders position against private health care providers is not unpopular and the notion of a government run insurance provider remains a possibility in the future.

 

The Senate measure that many expect is the advancement of an option for a nonprofit private plan to be managed by the Office of Personnel Management, the agency charged with overseeing the insurance coverage received by federal employees.

 

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