Report: Little demand for public option

Congressional Budget Office notes few Americans would enroll in public health insurance option if it were available.

Few Americans would enroll in a public health insurance option if it were available, according to the Congressional Budget Office (CBO).

Critics believe the public option would drive private health insurance companies out of business due to an inability to compete with the government on premiums and fees.

However, the CBO estimates that only 6 million Americans would enroll in the government plan by 2019. The CBO states the public plan's premiums would cost more than a private plan because it would attract a less healthy pool of enrollees.