From Feingold’s statement:

Frankly, I am disappointed that this has become the topic of so much controversy, because it is such a fundamental part of making sure we provide the reform that my constituents, and all Americans, deserve. Some have even suggested scrapping a public option in the interest of passing a bill with bipartisan support. I want to pass health care reform and I hope very much we can do so with bipartisan support. But I am not interested in passing health care reform in name only. I am not interested in a bill that allows us to somehow tell our constituents we have done something but doesn’t really address their concerns. We need real reform, and real reform means a strong public option.

And Americans want a public health insurance option. According to a recent poll by NBC and the Wall Street Journal, over three fourths of those polled said they would like the ability to choose between public and private health insurance plans. Providing a public health insurance option that does not discriminate against those with pre-existing conditions and illnesses will significantly improve the ability of people to access health care.

. . .

Too often, Americans are at the mercy of insurance companies when it comes to paying premiums, out-of-pocket costs, and deductibles. While I commend the growing efforts of select insurers to increase transparency, for the most part, consumers have little idea how much procedures cost, where premium dollars go, and whether you are truly getting the best value for your dollar. A public health insurance option would serve as a benchmark competitor for premiums, administrative costs, and benefits packages.

A strong public health insurance option is consistent with a healthy private market and effective private insurance plans. We have several insurers that operate in my home state of Wisconsin that provide great health coverage to their beneficiaries. Responsible insurers should have no trouble competing with a public insurance option on the merits of their plans. But a strong public health insurance option will provide a powerful incentive for less responsible insurers to re-evaluate their own cost-sharing and benefit plans to ensure they are actually an attractive option for consumers.