An article in the New York Times noted that at the time he took office, President Biden “supported the idea of a public option: a government-run health plan that all Americans could choose to buy into—but not the Medicare for all system.”

a. What are the main problems with the U.S. healthcare system that is a public option and the Medicare for All system would attempt to solve?

b. What are the key differences between a public option and Medicare for All?

c. What are the key differences between market-based reforms, on the one hand, and a public option or Medicare for All on the other?