Only 2% would sign up for public option

WASHINGTON (AP) - The Congressional Budget Office estimates that only 2 percent of Americans under the age of 65 would sign up for insurance under the much-debated public option.

The industry has argued strenuously for months that offering a government-run alternative would severely undermine private carriers.

But the CBO found that the scaled back government plan in the House version of health care legislation couldn't overtake private insurance. To the contrary, it might help the insurers a little.

The budget office estimated that about 6 million people would sign up for the public option in 2019, when the House bill is fully phased in. That represents about 2 percent of a total of 282 million Americans under age 65.

The overwhelming majority of the population would remain in private health insurance plans sponsored by employers. Others, mainly low-income people, would be covered through an expanded Medicaid program.