WASHINGTON (CNN) –- A long-awaited House health care bill will likely include a “negotiated rate” public health insurance option, Rep. Chris Van Hollen told CNN after a closed-door meeting Wednesday with members of the House leadership to finalize their version of the legislation.
The House leadership announced after the meeting they will unveil their bill on Thursday. It will include a more moderate version of a public option, and Van Hollen - the Democratic Congressional Campaign Committee chairman from Maryland - said the entire bill will cost under $900 billion and reduce the deficit.
"The public option will be a public option and again there's going to be some final discussion within the caucus, but the likely result will be a negotiated rate public option, which is a public option that will create competition and choice,” Van Hollen said on CNN’s The Situation Room.
“We do not have an opt-out provision," he added, referring to a provision in the Senate version of the bill that would allow states to decide against including a public option.
"I think all this - people have lost sight of what our objective was to begin with and that is to have a public option out there," Van Hollen said.