Senator Max Baucus just released the Senate's version of a health care reform bill. As expected it does not include plans for creating a new government-run insurance plan to compete against regular insurance companies.
This "public option" has been billed as a way to contain health care costs. But some economists don't see how that would work.
If you want to read an economic case in favor of the public option, check out this briefing by Jacob Hacker at Yale who has been called the "father of the public option."