Could A Public Option Boost Competition?

California’s insurance commissioner has said he supports a public option at the state level to potentially bolster competition and serve as a test for the controversial idea nationwide.

According to Covered California data, the state’s four biggest insurers control 90 percent of the market. The state exchange has also said that 7.4 percent of its 1.4 million enrollees will only have two health plans to choose from for 2017.

Read more about the possibility of a public option in California in Chad Terhune’s coverage.