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Conrad defends health co-ops plan

Wall Street Journal, August 19, 2009

Democratic Sen. Kent Conrad defended his proposal for government-chartered insurance cooperatives, estimating they would start with 12 million members and be the third-largest player in the U.S. health-insurance market. Critics say the co-ops are unlikely to present real competition, while some observers say starting an insurer of the size Sen. Conrad envisions would present enormous practical difficulties.