Why Business Fights the Public Option for Health Care
The Senate Finance Committee voted down the addition of a public option to health-care legislation this week. House versions of health-care reform still include it, as does a version passed out of another Senate committee earlier. The public option would give Americans the opportunity to purchase health insurance from the federal government. BusinessWeek Washington Bureau Chief Jane Sasseen explains why businesses oppose the idea and fear that their costs will rise if the measure passes.
Plus, what higher-than-expected job losses in September could mean for the economy, why Xerox (XRX) made a major acquisition, and our look at the economic calendar for the week ahead.
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